VR Startup Closes $3 Million
Hyper-reality escape room experiences provider Glo Station closed $3 million in financing. Five investors participated in the round, including Alibaba Group, CRCM, Presence Capital, and MindWorks Ventures.
Glo Station can be used for team-building activities for employees, coworkers, schools, clubs, or other groups where everyone must work together to accomplish the escape mission. The company’s proprietary VR technology uses a full-body tracking system built on a physical environment to bring users an immersive experience.
The investment will be used to accelerate content development and global deployment of Glo Station’s proprietary VR system through licensing, franchising, and self-operational units.