Comcast, Time Warner, Madison Square Garden and Dick Clark Productions all contributed to the virtual reality technology developer's series B round.
US-based NextVR, which has developed technology to capture and deliver high-definition virtual reality content, has secured $30.5m in funding from a consortium including several corporates, the Wall Street Journal reported yesterday.
Time Warner and cable service Comcast invested through their respective corporate venturing subsidiaries, Time Warner Investments and Comcast Ventures, alongside sports and entertainment holding company Madison Square Garden and live events organiser Dick Clark Productions.
The round was led by venture capital firm Formation 8, which has raised a…
