PRESS: Dive2VR gets $1 mln, plans to open VR parks in Russia, US

MOSCOW, Sep 4 (PRIME) -- Dive2VR, which develops the virtual reality (VR) technology, has raised U.S. $1 million in investment, including for VR parks in Russia and the U.S. and entertainment zones in cinemas, business daily Kommersant reported on Tuesday, quoting the firm’s co-founder Mikhail Torkunov.

Accelerator FunCubator, launched in May 2017 by company FunCorp, invested $750,000, while fund RB Capital, private investor Valery Krivenko, and Sergei Dashkov’s fund, contributed $250,000.

“Dive2VR looks a rapid and aggressive player, capable of achieving a leading position on the key markets, including in the U.S.,” FunCubator partner Almas Abulkhairov told the daily.

One of the firm’s products are VR parks Engage, game zones with the area of 120–240 square meters. Investment in the creation of a park amount to 3.5 million rubles on average.

In Russia, there are six such parks and eight will appear soon. There are two parks in the U.S. and one is planned in Malaysia.

Dive2VR works on the basis of partner and franchise models and wants to focus on the markets of the U.S. and Canada, which the company expects will grow to $900 million by 2022.

According to PwC, VR will become one of the breakthrough segments of the entertainment market soon with average annual growth rates to $178 million by 2022 from $22 million in 2017, and the number of VR devices in the country at 7 million.

(67.7443 rubles – U.S. $1)

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