Top 7 Venture Capital Firms Investing in Virtual Reality Startups

When you're preparing to raise capital for your Virtual Reality startup, knowing which investors to approach is a critical first step. The world of venture capital for VR, AR, and other immersive technologies has its own key players, and connecting with the right ones can make all the difference.

To help, our team at Rho curated this overview of the top VC firms investing in Virtual Reality. We want to help you quickly identify relevant investors as you prepare for your fundraise.

Just raised, or about to? Set up your financial stack with Rho in minutes. We provide business banking, corporate cards, and bill pay—all built for startup teams moving fast.

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

Whether your company is in its early days or preparing for an exit, it helps to know who to talk to. Here is a quick overview of which Virtual Reality VC firms invest at each stage.

Pre-seed and Seed VC Firms in Virtual Reality

Pre-seed and seed funding is for startups in their earliest days, often when you're still developing your product and finding market fit. For founders seeking pre-seed virtual reality VC firms, investors to watch include The Venture Reality Fund, Anorak Ventures, and Diverse Angels.

Early Stage VC Firms in Virtual Reality

Early-stage funding, which includes Series A and B rounds, is designed to help you scale your operations and accelerate growth once you have traction. Technology-focused venture capital firms like Scout Ventures, The Venture Reality Fund, and MDC Ventures are active in this space.

Late Stage VC Firms in Virtual Reality

Late-stage capital is for established companies preparing for major expansion, a potential acquisition, or an IPO. Among the growth stage virtual reality venture capital firms are BITKRAFT Ventures, Scout Ventures, and Maveron.

Keep in mind that many VR investment firms invest across multiple stages, from seed to growth.

Below, we've compiled key details on the top VC firms in the Virtual Reality sector, including their investment stages, geographic focus, and what makes each a strong potential partner for founders.

1. Scout Ventures

Scout Ventures is an early-stage firm that backs companies in frontier and dual-use technologies. Their mission is to support innovations that make the world a better and safer place.

The firm has a clear focus on frontier technologies, including Virtual Reality, robotics, and cybersecurity. Their portfolio includes several unicorns and early VR hardware pioneers like Virtuix.

This firm could be a great partner if you're building a company in a complex, technical field. They are a good fit for founders who value a long-term investor that can support them from seed through later stages.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: Frontier and dual-use technologies, including Virtual Reality, robotics, and cybersecurity
• Founded: 2010
• Location: Austin, Texas
• Notable investments: ID.me, Unite Us, and Virtuix
• Portfolio size: Over 125 companies

You can refer to their website here.

2. Maveron

Maveron is a venture capital firm that invests exclusively in consumer-focused companies. Their mission is to back founders building brands that help people live life on their own terms.

The firm has a strong track record of backing iconic consumer brands that have gone public, including Allbirds, Groupon, and the early flash-sale site Zulily, which delivered a significant return for the firm. This history shows their consumer-centric approach and ability to support companies through to major exits.

Maveron is a great potential partner if you are building a consumer brand with a powerful mission. They are a good fit for founders who want an investor with deep experience in scaling consumer businesses from the early stages to the public markets.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: Consumer, FinTech, and Virtual Reality
• Location: San Francisco, California
• Founded: 1998
• Notable investments: Allbirds, Zulily, Groupon, and Flywire
• 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 highly specialized firm focused on startups building the future of digital interaction through AI and spatial computing. They are one of the few VCs dedicated entirely to the immersive technology sector.

VRF has a strong record of backing foundational companies in the space, including the Emmy-winning animation studio Baobab Studios and Owlchemy Labs, which was acquired by Google. Their portfolio also includes Strivr, an enterprise training platform used by major corporations, showing their interest in both consumer and B2B applications.

This firm is an ideal partner if your startup is at the seed or early stage and is centered on core AR, VR, or AI technology. They are a good fit for founders who want an investor with deep domain expertise and a proven ability to identify key players in the industry.

• Investment stages: Seed and early-stage venture
• Industries of focus: AI, Spatial Computing, AR/VR, and gaming
• Location: Burlingame, California
• Founded: 2016
• Notable investments: Baobab Studios, Strivr, Owlchemy Labs
• Portfolio size: 64 investments

You can refer to their website here.

4. Diverse Angels

Diverse Angels is an angel group and venture capital firm focused on increasing the representation of diverse investors within the startup ecosystem. They invest in companies across a wide range of technology sectors.

The firm concentrates on seed and early-stage rounds, backing companies in fields from Virtual Reality and gaming to FinTech and healthcare. Their portfolio includes the investment marketplace Republic, which reached a unicorn valuation, and the AI audio platform Sounder, which provided the firm with a successful exit.

Diverse Angels could be a strong partner if you are a founder from an underrepresented background or if your company is built around a clear social mission. Their broad industry appetite also makes them a good fit for many different types of early-stage tech startups.

• Investment stages: Seed and early-stage venture
• Industries of focus: Virtual Reality, Blockchain, E-Commerce, Gaming, Health Care, Software
• Location: Los Angeles, California
• Founded: 2021
• Notable investments: Republic, Sounder, Pariti, 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. They are one of the most active investors in the global gaming and Web3 ecosystem.

The firm has backed some of the most significant companies in modern gaming, including Epic Games, the creator of Fortnite, and the community platform Discord. Their portfolio also shows a strong focus on the future of interactive entertainment, with investments in Web3 leaders like Immutable and a notable exit with CCP Games, the studio behind EVE Online.

BITKRAFT is an excellent potential partner if your startup is building within the gaming, Web3, or interactive content space. Their deep industry specialization and track record make them a good fit for founders who want an investor that understands the nuances of building and scaling in this sector.

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

You can refer to their website here.

6. Anorak Ventures

Anorak Ventures invests in early-stage companies building foundational technology. Their stated mission is to back people and ideas that can fundamentally change how industries operate.

The firm shows a clear preference for deep-tech and infrastructure, with a portfolio that includes defense-tech leader Anduril and logistics unicorn Flexport. They also have a strong presence in immersive tech, backing social VR platform Rec Room and surgical training company Osso VR.

Anorak could be a great match if you're a founder building complex technology with platform potential. They are a good fit for teams that need an investor who understands deep technical challenges and long-term vision.

• Investment stages: Seed and early-stage venture
• Industries of focus: Augmented Reality, Virtual Reality, Computer Vision, Robotics, Video Streaming
• Location: San Francisco, California
• Founded: 2016
• Notable investments: Anduril Industries, Flexport, Rec Room, Osso VR, Mux
• Portfolio size: 97 investments

You can refer to their website here.

7. MDC Ventures

MDC Ventures is the corporate venture capital arm of MDC Partners, a global advertising and marketing network. This structure provides them with a distinct viewpoint on technologies shaping the media and advertising industries.

The firm concentrates on early-stage companies in sectors like advertising, AI, and B2B software that are strategically relevant to their parent company. Their track record includes notable exits to companies like Oracle and investments in media analytics platforms such as Samba TV.

This firm is a strong potential partner if you are building technology for the advertising or marketing world. Founders looking for a strategic investor with deep industry access and a clear path to partnership opportunities would find them to be a good match.

• Investment stages: Seed and early-stage venture
• Industries of focus: Advertising, Artificial Intelligence (AI), B2B, Virtual Reality
• Location: New York, New York
• Founded: 2010
• Notable investments: CrowdTwist, PlaceIQ, Samba TV, Veritonic
• Portfolio size: 48 investments

You can refer to their website here.

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

This overview shows that the investment community for Virtual Reality is especially active at the early stages. Most of the firms on our list focus on seed and Series A funding, which is a positive signal if you are just starting out. It suggests that investors have a strong interest in backing new companies and foundational technologies in the sector.

You can also see a geographic concentration in key tech hubs like California, New York, and Texas. The variety of investor types, from VR-specific funds to corporate VCs and consumer specialists, means you can seek out a partner whose experience aligns with your business model. This allows you to find capital that comes with relevant strategic value for your company's growth.

Raise Confidently with Rho

Fundraising requires significant time and energy, so approaching the right investors from the start is critical. We hope this list helps you focus your efforts on the firms most aligned with your company.

Once your round is closed, the work of managing that capital begins. Rho can help you set up your financial stack in minutes so you can get back to building your business.

Our platform offers business banking, corporate cards, and automated bill pay in one place. We provide the tools to manage your new capital efficiently, giving you full control over your finances.

FAQs about Venture Capital Firms Focused on Virtual Reality

Are there European virtual reality venture capital firms?

Yes, several European VCs invest in immersive tech. Firms like Lakestar and Gilde Healthcare are active, alongside regional funds and government grants. Many US firms on our list also consider European startups, so your search can be global.

Which Bay Area virtual reality VC firms are most active?

The Bay Area is a major hub. Firms like The Venture Reality Fund, Anorak Ventures, and Maveron are based there and actively invest in VR. Many other Silicon Valley VCs also have an appetite for immersive technology startups.

What do pre-seed virtual reality VC firms look for?

At the pre-seed stage, investors focus heavily on the founding team's expertise and vision. They also want to see a clear problem you're solving and early signs of a unique technological approach or insight into the market.

How do I choose between a specialist and a generalist tech VC?

A specialist VR fund offers deep industry knowledge and connections, while a generalist firm may provide broader scaling experience. Consider which type of expertise your company needs most at its current stage to find the best partner for your growth.

What is the best way to get an introduction to a VC?

A warm introduction from a trusted contact in the VC’s network is most effective. This could be another founder, a lawyer, or an advisor. Cold outreach can work, but a personal referral significantly increases your chances of getting a meeting.

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

Once you've secured funding, our platform helps you manage it effectively. We offer integrated business banking, corporate cards, and expense management, giving you the financial control you need to scale your company. Get started with Rho today.