Top 7 Venture Capital Firms Investing in Virtual Reality Startups

For founders building in Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR), preparing to raise capital means finding investors who truly get the space. Understanding which venture capital firms are actively funding VR startups is the first step toward a successful fundraise.

To help you identify the right partners, our team created this overview of the top VC firms investing in immersive technologies. This guide is designed to give you a quick summary of relevant investors so you can focus your outreach.

Rho provides access to business banking, corporate cards, and bill pay — built for startup teams moving fast.

Key Takeaways

• For startups in the Virtual Reality space, securing venture funding provides the capital needed to accelerate product development and expand your team.
• Active investors in the Virtual Reality sector include firms like Scout Ventures, Maveron, The Venture Reality Fund (VRF), and Diverse Angels, which are notable backers of various companies in the industry.
• If you're a startup leader that's raising or has just closed a round, Rho helps you manage your capital with fast business banking, corporate cards, and bill pay.

Which VC Firms in Virtual Reality Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, knowing the right investors to approach is key. Here is a quick overview of some active Virtual Reality VC firms, organized by the stage at which they typically invest.

Once you secure your funding, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—can help you manage and deploy that capital efficiently.

Pre-seed and Seed VC Firms in Virtual Reality

Pre-seed and seed funding is the earliest capital you'll raise, typically used to validate your idea and build an initial product. For founders seeking seed-stage virtual reality venture capital, firms like Los Angeles-based Diverse Angels and San Francisco's Anorak Ventures are active, as is the specialist The Venture Reality Fund.

Early Stage VC Firms in Virtual Reality

Early-stage funding, which includes Series A and B rounds, is designed to help you scale your team and achieve product-market fit. Some early-stage virtual reality VC firms to know include Scout Ventures, The Venture Reality Fund, and the gaming-focused BITKRAFT Ventures.

Late Stage VC Firms in Virtual Reality

Late-stage capital is for established companies looking to expand into new markets, make acquisitions, or prepare for an exit. Growth-stage virtual reality venture capital can be harder to find, but firms like Scout Ventures, Maveron, and BITKRAFT Ventures have experience with later-stage rounds.

It's also worth noting that some VC firms invest across all startup funding stages.

To help you find the right investors, we've compiled details on some of the top VC firms in the Virtual Reality space. The following list covers their typical investment stages, geographic focus, and what makes each firm a notable option for founders.

1. Scout Ventures

Based in Austin, Texas, Scout Ventures is an early-stage firm that invests in frontier and dual-use technologies with a mission to make the world a better, safer place. They have a clear focus on deep tech companies that are building foundational solutions.

The firm invests from seed to later stages and has backed several unicorns, including digital identity network ID.me and health-tech platform Unite Us. For VR founders, their early investment in Virtuix, developer of the Omni VR treadmill, is a strong signal of their interest in the space.

Scout Ventures is a good match for founders building companies with complex technology, particularly in hardware or sectors with both commercial and government applications. Their portfolio shows a pattern of backing ambitious, technically-driven teams.

Once you secure funding from a firm like Scout Ventures, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—can help you manage and deploy that capital efficiently.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: Autonomous Vehicles, Cyber Security, Drones, Robotics, and Virtual Reality
• Geographical presence: Austin, Texas
• Founded: 2010
• Notable portfolio companies: ID.me, Unite Us, and Virtuix
• Portfolio size: Over 125 investments

You can refer to their website here.

2. Maveron

Maveron is a consumer-only venture capital firm dedicated to backing founders who are building brands that empower consumers. With roots in San Francisco since 1998, their entire focus is on companies that serve people directly.

A key characteristic of the firm is its track record of investing in breakout consumer brands, including sustainable footwear company Allbirds and pet-insurance provider Trupanion. Their early investment in flash-sale site Zulily highlights their experience in scaling direct-to-consumer businesses.

This firm is an excellent match for founders creating consumer-facing products, particularly those with strong brand potential. If you are building a company that aims to become a household name, Maveron's expertise is highly relevant.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: Consumer, FinTech, Financial Services, and Virtual Reality
• Geographical presence: San Francisco, California
• Founded: 1998
• Notable portfolio companies: Allbirds, Zulily, Groupon, Flywire, and Trupanion
• Portfolio size: Over 300 investments

You can refer to their website here.

3. The Venture Reality Fund/VRF

The Venture Reality Fund, or VRF, is a specialist firm investing in early-stage companies focused on AI and what they call "Spatial Computing." Based in California, they are a dedicated source of capital for founders building in the AR and VR sectors.

The firm's clear focus on immersive technologies is its defining feature, backing companies from seed through early-stage rounds. Their portfolio includes major names like Owlchemy Labs, which was acquired by Google, and Strivr, an enterprise VR training platform.

VRF is a strong match for founders with deep technical expertise building foundational software or applications in the immersive tech space. If your company is focused on AR, VR, or AI, their specialized knowledge makes them a relevant partner.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Artificial Intelligence (AI), Spatial Computing, Augmented Reality, Virtual Reality, and Gaming
• Geographical presence: Burlingame, California
• Founded: 2016
• Notable portfolio companies: Baobab Studios, Strivr, Owlchemy Labs, and Wave
• Portfolio size: 64 investments

You can refer to their website here.

4. Diverse Angels

Diverse Angels is a Los Angeles-based angel group and venture capital firm with a mission to increase the representation of diverse investors. They focus on seed and early-stage companies across a broad spectrum of industries, including Virtual Reality.

A key trait of the firm is its commitment to backing a wide range of tech sectors, from gaming and e-commerce to healthcare and software. Their portfolio includes companies like the AI audio platform Sounder, which provided a successful exit, and the fintech unicorn Republic.

The firm is an ideal partner for founders from diverse backgrounds or those whose companies promote inclusivity. Their broad industry appetite makes them a good match for many early-stage tech founders, including those in the VR space.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Blockchain, E-Commerce, Gaming, Health Care, Software, and Virtual Reality
• Geographical presence: Los Angeles, California
• Founded: 2021
• Notable portfolio companies: Sounder, Pariti, Republic, and Ash Wellness
• Portfolio size: 53 investments

You can refer to their website here.

5. BITKRAFT Ventures

BITKRAFT Ventures is an investment platform focused on gaming, esports, and interactive media. Based in San Francisco, they are one of the most active and specialized investors in this sector.

The firm's portfolio is a who's who of the gaming world, including giants like Epic Games and Discord, signaling their ability to back market-defining companies. They invest across all stages, from seed to late-stage, and have a clear focus on the entire interactive entertainment ecosystem.

This firm is a strong fit for founders building companies in gaming, Web3, and interactive platforms, including those with a VR component. If your goal is to build a foundational company in the gaming space, their deep industry expertise is a significant advantage.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: Gaming, eSports, Digital Entertainment, and Virtual Reality
• Geographical presence: San Francisco, California
• Founded: 2015
• Notable portfolio companies: Epic Games, CCP Games, Discord, and Immutable
• Portfolio size: Over 190 investments

You can refer to their website here.

6. Anorak Ventures

Anorak Ventures is a San Francisco-based firm that invests at the earliest stages in companies building foundational technology. They focus on backing ambitious founders from the seed and early stages.

The firm has a history of backing category-defining companies, including defense-tech leader Anduril Industries and social VR platform Rec Room. Their portfolio shows a clear interest in deep technology and platforms that serve as infrastructure for other businesses.

Anorak is a good fit for founders with deep technical expertise who are building companies in emerging technology sectors. If your startup is focused on AR, VR, robotics, or computer vision, their portfolio indicates a strong alignment.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Augmented Reality, Computer Vision, Robotics, and Virtual Reality
• Geographical presence: San Francisco, California
• Founded: 2016
• Notable portfolio companies: Anduril Industries, Rec Room, Osso VR, Flexport, and Mux
• Portfolio size: 97 investments

You can refer to their website here.

7. MDC Ventures

MDC Ventures is the New York-based corporate venture arm of MDC Partners, a global advertising holding company. The firm focuses on seed and early-stage companies, using its parent company's industry position to support its investments.

As a corporate venture fund, a key characteristic is its ability to provide strategic value beyond capital, connecting startups to its advertising network. Their portfolio shows a clear interest in ad-tech and B2B, with notable exits including CrowdTwist and PlaceIQ.

This firm is a strong match for founders building technology in the advertising, AI, and B2B sectors. If your startup could benefit from a strategic partnership with a major advertising network, MDC Ventures is a relevant investor to consider.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Advertising, Artificial Intelligence (AI), B2B, and Virtual Reality
• Geographical presence: New York, New York
• Founded: 2010
• Notable portfolio companies: Samba TV, Veritonic, CrowdTwist (exit), and PlaceIQ (exit)
• Portfolio size: 48 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Virtual Reality Companies

This list shows that venture capital for Virtual Reality is most active at the seed and early stages. The prevalence of investors focused on initial funding rounds suggests the industry is still building its foundational companies. While some firms do invest in later rounds, your options are more plentiful when you are just starting out.

Geographically, there is a strong concentration of firms in California, though investors are also active in other tech hubs like New York and Austin. The variety of investors—from VR-specific funds to consumer-focused and deep-tech VCs—means you can find partners who align with your specific product, whether it's for enterprise or a mass-market audience.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

Raise Confidently with Rho

Knowing which investors to approach saves you critical time and energy during a fundraise. We hope this list gives you a clear starting point for your outreach.

Once your round is closed, our team is ready to support your next steps. If you’ve just raised, Rho can help you set up your financial stack in minutes.

We provide the tools to manage your new capital, including business banking, corporate cards, and bill pay. This lets you deploy funds efficiently and keep your focus on building your company.

FAQs about Venture Capital Firms Focused on Virtual Reality

Which US cities are hubs for virtual reality VC firms?

San Francisco and the Bay Area are the primary centers for VR investment. However, other tech hubs like Los Angeles, New York, and Austin also have active firms funding immersive technology companies, as shown in our list.

Are there many European virtual reality venture capital firms?

Yes, Europe has a growing number of VR investors, with hubs in London, Berlin, and the Nordic countries. Firms like GFR Fund and Nordic XR Startups are active, though the ecosystem is generally less concentrated than in the US.

What do seed stage virtual reality venture capital firms look for?

At the seed stage, investors focus on the strength of your founding team, the size of the market opportunity, and early evidence of a unique technical insight. A clear vision for your product is more important than significant revenue.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

What is the difference between a specialist VR VC firm and a generalist tech investor?

Specialist firms like The Venture Reality Fund offer deep industry knowledge and a focused network. Generalist tech investors may have broader portfolios but can provide valuable experience in scaling consumer or enterprise software companies that can apply to VR.

How do I find the right VC firms investing in virtual reality for my startup?

Start by researching firms that invest at your stage and in your specific sector. Analyze their portfolios to find alignment. Warm introductions through your network are always more effective than cold outreach for getting a meeting with partners.

How can Rho help after I raise from a VR investment firm?

Once your round is closed, we help you manage your new capital. With Rho, you get integrated business banking, corporate cards, and automated bill pay, allowing you to deploy funds efficiently and focus on building your company.