What is VirZOOM?
VirZOOM is at the forefront of virtual reality innovation, focusing on developing products such as VZFit and FLY that elevate user engagement through motion-based VR technology. With over a decade of industry experience, the company is dedicated to creating immersive experiences that extend beyond conventional VR boundaries. VirZOOM targets fitness enthusiasts and VR users seeking dynamic and interactive environments, also offering headset accessories and cultivating a community centered around VR fitness. The company's commitment to advancing the VR landscape positions it as a key player in the evolving digital entertainment and fitness markets.
How much funding has VirZOOM raised?
VirZOOM has raised a total of $9.2M across 4 funding rounds:
Private Equity
$3.4M
Angel/Seed
$5.5M
Debt
$150K
Debt
$140K
Private Equity (2015): $3.4M with participation from iTulip Investment Group
Angel/Seed (2018): $5.5M led by Equity Resource Investments, esports, Greycroft Partners, Eastham Capital, Skywood Capital, and Fairhaven Capital
Debt (2020): $150K supported by PPP
Debt (2021): $140K featuring PPP
Key Investors in VirZOOM
Equity Resource Investments
Equity Resource Investments LLC is a value-oriented real estate private equity firm focused on investing in complex and undercapitalized segments of the United States property market. Established in the early part of the century and headquartered in Cambridge, Massachusetts, the firm specializes in identifying opportunities within fragmented and inefficient areas of the lower middle market.
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets. Greycroft leverages an extensive network of media and technology industry connections to help entrepreneurs gain visibility, build strategic relationships, bring their products to market, and build successful businesses.
Fairhaven Capital
Fairhaven Capital is an investment firm comprised of investors, data scientists, and computer scientists who utilize an integrated investment approach. The company leverages deep connections across various industries to support startups.
What's next for VirZOOM?
The recent major strategic investment in VirZOOM signals a pivotal moment for the company, likely enabling accelerated product development, market expansion, and enhanced user acquisition strategies. This capital infusion, coupled with the company's established expertise in VR, suggests a trajectory towards solidifying its position in the competitive virtual reality market. VirZOOM is poised to leverage this financial backing to further innovate its offerings, potentially exploring new hardware integrations or expanding its content library to capture a broader audience within the VR fitness and entertainment sectors. The company's focus on community building and interactive experiences indicates a strategy aimed at long-term user retention and market leadership.
See full VirZOOM company page
