HTC, manufacturer of the Vive virtual reality headset, has partnered Shenzhen Municipal Government for the Shenzhen VR Investment Fund and is targeting a $1.45bn fundraise.
US-based smartphone and virtual reality technology provider HTC Corporation has agreed to set up a RMB10bn ($1.45bn) virtual reality investment fund in partnership with China’s Shenzhen Municipal Government.
HTC had originally concentrated on smartphone manufacturing but has latterly invested heavily on building a business around its Vive VR headset.
The company already runs the VR-focused Vive X Accelerator and was a prime participant in forming the Virtual Reality Venture Capital Alliance with 27 other investors earlier this year.
Shenzhen VR…
