8 fundings totaling $44M+ for LA startups. LA Tech news for the week ending 7/17 featuring news for SoftLedger, ForeVR, and much, much more.
6 fundings and 4 that you will not read about anywhere else! The latest venture capital, seed, pre-seed, and angel deals for LA startups for 7/14/2021 featuring funding details for Endgame, The Plug Drink, and much more.
The virtual reality gaming market is expected to reach $45B/yr by 2027. The increased affordability of VR sets like Oculus’s Quest 2 will contribute to this massive growth. ForeVR, founded by two ex-Zynga employees, is seeking to capitalize on this trend with its VR-focused gaming studio. Emerging recently from stealth, the company’s first title, launching in early 2021, is focused on bowling and ForeVR plans to build new games that are based on popular games in real life. LA TechWatch caught up with CEO and Cofounder Marcus Segal to learn more about the genesis of the company, its future product pipeline, first institutional round of funding from investors that include Galaxy Interactive Fund, Presence Capital, Emmett Shear, Justin Kan, Mark Pincus, and Justin Waldron.