How Much Did SideQuest Raise?
Funding & Key Investors

SideQuest, a pivotal platform within the virtual reality ecosystem, has successfully navigated multiple rounds of capital infusion to reach its current market position. With a cumulative total funding amount of $15.7M, the company has demonstrated significant growth trajectory, culminating in a major strategic investment of $12M. This latest injection of capital underscores the firm's critical role in bridging the gap between independent developers and the burgeoning standalone VR user base.

The company's financial journey began with early-stage backing, evolving through successive rounds that have solidified its infrastructure. By facilitating access to non-store content and serving as a vital proving ground for emerging VR applications, SideQuest has effectively positioned itself as an essential utility for both enthusiasts and creators in the immersive technology sector.

What is SideQuest?

SideQuest
SoftwareMobile App DevelopmentMultimedia, Games & Graphics Software

SideQuest operates as a comprehensive distribution and discovery platform designed to expand the capabilities of standalone VR headsets, most notably the Oculus Quest series. By providing a secure, accessible gateway for content that exists outside the traditional Oculus Store, the company empowers developers to validate their software and cultivate dedicated communities. This model serves a dual purpose: it offers users a broader library of cutting-edge VR experiences while providing developers with the necessary feedback loops to refine their products. As a free-to-use ecosystem, SideQuest has become a cornerstone for the VR industry, fostering innovation and lowering the barrier to entry for independent studios.

How much funding has SideQuest raised?

SideQuest has raised a total of $15.7M across 3 funding rounds:

2020

Angel/Seed

$650K

2021

Angel/Seed

$3M

2022

Series A

$12M

Angel/Seed (2020): $650K with participation from Boost VC, Palmer Luckey, and The Fund

Angel/Seed (2021): $3M led by SCNE, Connect Ventures, PROfounders, and Ada Ventures

Series A (2022): $12M supported by Google

Key Investors in SideQuest

Google

A global technology leader focused on organizing information and providing platforms that support billions of users, including Android and Google Play.

Connect Ventures

A London-based venture firm specializing in pre-seed and seed stage product companies, dedicated to helping founders achieve product-market fit.

Ada Ventures

An inclusive venture capital firm that invests in European founders building technology focused on climate equity, economic empowerment, and healthy aging.

What's next for SideQuest?

Following the recent Series A financing, SideQuest is well-positioned to scale its operations and deepen its integration within the global VR market. The strategic focus will likely shift toward enhancing platform stability, expanding developer toolsets, and potentially exploring new monetization or partnership avenues that align with its commitment to an open VR ecosystem. As the standalone headset market continues to mature, SideQuest's ability to maintain its role as a neutral, high-traffic hub will be paramount. Investors are expected to monitor how the company leverages this capital to navigate the competitive landscape of VR content distribution and its long-term sustainability as a primary gateway for immersive software.

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Frequently Asked Questions Regarding SideQuest Financial Insights

What are the most recent funding rounds that SideQuest has completed, and what were the funding rounds?
SideQuest has recently completed 3 funding rounds: Series A on Oct 6, 2022, Angel/Seed on Oct 9, 2021, Angel/Seed on Sep 28, 2020.
What is the total amount of funding SideQuest has raised to date?
SideQuest has raised a total of $15.7M in funding to date.
How many funding rounds has SideQuest completed?
SideQuest has completed 3 funding rounds.
How much funding did SideQuest raise in its most recent funding round?
SideQuest raised $12M in its most recent funding round.
Who are the lead investors in SideQuest's latest funding round?
The lead investor in SideQuest's latest funding round was Google. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in SideQuest's history?
The largest funding round in SideQuest's history was $12M.
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