Oculus Rift Now Has $16 Million Extra Investment Capital


Spark Capital, Matrix Partners, Founders Fund and Formation 8 have pumped a lot of cash into the VR helmet company.

The Oculus Rift Kickstarter did remarkably well, raising $2.4 million on a $250K ask back in September 2012, but now the VR helmet company has even more cash in its back pocket. Spark Capital, Matrix Partners, Founders Fund and Formation 8 co-led the Series A funding round, pumping $16 million into the Rift. “This level of financial support opens incredible new doors for Oculus,” says Palmer Luckey, and comes less than a year after the device’s Kickstarter debut, even before a consumer-ready version is available.

Luckey’s ecstatic; he knows how much this means to the Oculus Rift. “It helps us hire the best and brightest minds in VR from around the world,” he says. “It lets us experiment and prototype with more cutting-edge tech. And it allows us to build a badass, consumer VR gaming platform, the likes of which the world has never seen.” He’s hoping that VR will become the breakaway new technology of the 21st century, changing the way we communicate and learn, as well as play. It could be the next Facebook, the next Twitter, and his Oculus Rift will be right there in the forefront.

“I want to thank everyone for their support,” Luckey’s statement concludes. “None of this would be possible without you, the people who supported Oculus when it was nothing but a rough prototype and a dream of changing gaming forever!”

Source: Oculus Rift Kickstarter

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