USA – AmazeVR, a Los Angeles, CA-based VR concert production company, raised $17M in Series B funding.
This ongoing round, which will remain open until late December 2022 with space available for interested strategic partners, joined the $15M bridge round that was raised in 2021, and brings AmazeVR’s current Series B raise to $32M.Backers included Mirae Asset Capital, Mirae Asset Venture Investment, CJ Investment, Smilegate Investment, GS Futures, and LG Technology Ventures with participation from CJ ENM and Krafton. The company intends to use the funds to expand partnerships with artists, artist management companies, labels, publishers, and agencies. Founded in 2015 and led by CEO Ernest Lee, AmazeVR is a VR concert platform company that brings fans closer to artists. It creates VR concerts in fantastical worlds that are accessible to fans, distributing through movie theaters and eventually at-home VR. The company has plans to hire more AI engineers, Unreal Engine engineers, and VFX artists to continue the advancement of its proprietary technology and the development of premier VR concerts. AmazeVR is preparing to launch its music metaverse service across all major VR app stores in 1H 2023 with a line-up of emerging artists to include platinum artist Megan Thee Stallion.The company also has offices in Seoul. 27/09/2022
