Virtual Reality Startup Jaunt Raises Massive New Round of Funding
Virtual reality startup Jaunt is about to announce a massive Series C round of financing, Variety has learned. Exact numbers weren’t available ahead of the company’s official announcement, but multiple sources peg the amount north of $50 million.
The raise comes just a year after Jaunt secured a $27.8 million Series B, and less than 18 months after the company’s $6.8 million Series A. Previous Jaunt investors include Highland Capital Partners, Redpoint Ventures, Google Ventures, BSkyB and others.
Jaunt has been a bit of a jack-of-all trades in the virtual reality (VR) world; the company has built its own VR camera, has produced VR experiences and apps for studios and others, and has developed its own software and tools for VR content production.
Jaunt is said to be focusing more on original content, with the goal of becoming more of a full-featured studio. Jaunt has launched a new corporate division called Jaunt Studios that is headed by former Lucasfilm CTO and Digital Domain CEO Cliff Plumer and that includes a physical production space in Los Angeles.
Investments in VR have been heating up in general. In the first half of 2015, VR companies raised a total of $248 million, according to data from CB Insights.
See the full story here: http://variety.com/2015/digital/news/virtual-reality-startup-jaunt-raises-massive-new-round-of-funding-exclusive-1201595977/