UK-based Virtex is an esports-focused VR company building virtual esports stadiums. “Virtex Stadium” is a virtual reality experience that allows users to chat and hang out with other participants. The stadium can support “hundreds of users” at a time to watch events which are displayed as 3D holograms. In January 2023, Virtex announced that its platform was in closed beta.
Key customers and partnerships
In March 2022, Virtex announced partnerships with social combat game Echo VR and Meta to launch a new stadium in closed beta. It aims to monetize through digital collectibles such as sports jerseys.
Funding and financials
In May 2022, Virtex raised USD 3.2 million in seed funding from a consortium of investors that included Global Founders Capital, All Iron Ventures, and Graph Ventures. The new funding was allocated to hiring engineers and expanding platform reach.
Key competitors: None comparable (Virtex is the only startup that builds virtual stadiums for esports)
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