Moiin to monitor $100m virtual reality fund

Jul 24, 2019 • Callum Cyrus

VR tech developer Moiin will seek $100m for a new vehicle to back small VR projects as it pursues internal development of high-spec VR systems and an immersive VR software platform.

South Korea-based virtual reality (VR) technology developer Moiin announced on Monday it is looking to raise $100m for a venture capital fund to help spur market adoption of VR gaming systems.

Moin has not revealed whether it has secured any external partners for its VR Development VC Fund. Its advisers include Eric Schiermeyer, former chief technology officer at defunct internet content group eUniverse, Jason Brink and Haley Kim.

Moiin intends the fund to be a watershed for VR, helping to…

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