VirZOOM Closes $5.5 Million
VR company VirZOOM announced that it has raised $5.5 million in seed funding. Previous and new investors filled the round, including Skywood Capital, with personal investments from partners at Eastham Capital, Fairhaven Capital, and Equity Resource Investments. New investors included Greycroft partner Jon Goldman through his GC VR Gaming Tracker Fund.
Co-founded by CEO Eric Janszen and CTO Eric Malafeew in February, 2015, VirZOOM is creating a content platform for consumer and commercial VR applications. VirZOOM VR fitness content is available for all major tethered and mobile VR platforms. Its goal is to motivate consumers to exercise on average for 38 minutes per session, 3.25 times per week. According to the company, their customers have collectively traveled more than 250,000 virtual kilometers and burned more than 4.4 million real calories since the product launch in June, 2016.
The funding round is intended to help the company expand its commercial business worldwide with second-generation products VZ Module and VZ Sensor, which make any stationary bike VZ-Ready for VirZOOM VR Fitness content.