As augmented and virtual reality grow, so do the funding opportunities for founders. The right investor can make all the difference for a new company.
And there are plenty of active investors to choose from. For instance, Alumni Ventures has backed over 2,100 startups, while Lux Capital has funded more than 550.
Below is our list of the best 23 AR & VR VC firms.
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Buy It For $97 $297 →Alumni Ventures gives accredited investors access to venture capital by creating diversified portfolios through its network of alumni and thematic funds. They co-invest alongside established venture firms in companies at all stages, backing a portfolio that includes Simplisafe and Blockfi.
| Headquarters | Manchester, New Hampshire, United States |
| Year Founded | 2014 |
| Founders | Luke Antal, Michael Collins, Michael Madden |
| Total Funding | $1B |
| Average Check Size | $1M |
| Industries | AI & ML, AR & VR, Consumer, Cybersecurity, Fintech, Food & Beverage, Healthcare, Industrial, IoT, Life Sciences, Proptech & Real Estate, SaaS, Climate & Sustainability, Transportation, Media, Manufacturing |
| Investment Stage | Convertible Note, Early Stage, Initial Coin Offering, Late Stage, Seed |
| Nº of Investments | 2156 (545 as Lead Investor) |
| Nº of Exits | 206 (24 IPO'd) |
| Top Portfolio Startups | Fis, Blockfi, Simplisafe |
| Contact | info@av.vc / +1 603-518-8112 |
Lux Capital backs founders turning science fiction into reality, funding deep tech and hard science ventures from their earliest stages through growth. The team draws on its own experience building companies from scratch to actively help entrepreneurs accelerate their path to industry leadership.
| Headquarters | New York, New York, United States |
| Year Founded | 2000 |
| Founders | Josh Wolfe, Peter Hebert, Rob Paull |
| Total Funding | $1.5B |
| Industries | Deep Tech & Hard Science, Robotics, Manufacturing, AI & ML, Biotech, Infrastructure, Energy, Fintech, Hardware, AR & VR, Transportation, Crypto & Blockchain, Aerospace & Space |
| Investment Stage | Debt, Early Stage, Late Stage, Private Equity, Seed |
| Nº of Investments | 569 (162 as Lead Investor) |
| Nº of Exits | 68 (17 IPO'd) |
| Top Portfolio Startups | Lumafield, Drone Racing, Novig |
| Contact | info@luxcapital.com / 646-349-2960 |
With a multi-stage, sector-agnostic approach, EQT Ventures partners with ambitious founders across Europe and the US, providing the hands-on support they wished they'd had on their own startup journeys. The firm uses its proprietary AI platform, Motherbrain, to make data-driven investment decisions and has backed global companies like Wolt and Einride.
| Headquarters | Stockholm, Stockholms Lan, Sweden |
| Year Founded | 2016 |
| Founders | Hjalmar Winbladh, Kees Koolen, Lars Jörnow |
| Total Funding | €1.4B |
| Average Check Size | €50M |
| Industries | Cybersecurity, Biotech, Social, Media, E-Commerce, AR & VR, AI & ML, Fintech, Gaming, Internet & Mobile, Developer Tools, Manufacturing, Automotive, SaaS |
| Investment Stage | Early Stage, Late Stage |
| Nº of Investments | 233 (134 as Lead Investor) |
| Nº of Exits | 25 (1 IPO'd) |
| Top Portfolio Startups | Peltarion, Verto Analytics, Nectarine Health |
GoAhead Ventures champions global founders at the earliest stages, leading pre-seed and seed rounds for startups across a wide array of industries. They operate with a founder-first mentality, streamlining the funding process by providing a decision just one day after a partner pitch.
| Headquarters | Menlo Park, California, United States |
| Year Founded | 2015 |
| Founders | Clancey Stahr, Phil Brady, Takeshi Mori |
| Total Funding | $120M |
| Average Check Size | $1M |
| Industries | AI & ML, AR & VR, Transportation, Cybersecurity, Healthcare, E-Commerce, Education, IoT, Life Sciences, Gaming, Food & Beverage, Supply Chain & Logistics, SaaS, Proptech & Real Estate, Marketplace, Automotive |
| Investment Stage | Early Stage, Seed, Pre-Seed |
| Nº of Investments | 73 (38 as Lead Investor) |
| Nº of Exits | 7 |
| Top Portfolio Startups | Deskfirst, Omnisearch, Cake |
| Contact | pitch@goaheadvc.com / (650) 275-2465 |
Afore Capital exclusively backs product-centric founders at the pre-seed stage, often leading their initial ~$1M funding round. With founding product experience from Android and Twitter, the investment team offers deep operational expertise to help founders navigate the earliest stages of company building.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2016 |
| Founders | Anamitra Banerji, Gaurav Jain |
| Total Funding | $300M |
| Average Check Size | $1.5M |
| Industries | Fintech, Consumer, SaaS, Automotive, Marketplace, Construction, AR & VR, Enterprise, Crypto & Blockchain, Developer Tools, Gaming, Healthcare, E-Commerce |
| Investment Stage | Early Stage, Late Stage, Seed, Pre-Seed |
| Nº of Investments | 209 (87 as Lead Investor) |
| Nº of Exits | 15 |
| Top Portfolio Startups | Zuul Kitchen, Stream, Pinch |
| Contact | (415) 562-7342 |
BITKRAFT Ventures backs founders building at the intersection of gaming, blockchain, and immersive technology from the earliest stages. They have a track record of supporting foundational companies in the space, including the communication platform Discord.
| Headquarters | Denver, Colorado, United States |
| Year Founded | 2017 |
| Founders | Jens Hilgers, Malte Barth, Scott Rupp |
| Total Funding | $247.6M |
| Average Check Size | $5M |
| Industries | Gaming, AR & VR, Entertainment, Crypto & Blockchain |
| Investment Stage | Early Stage, Initial Coin Offering, Late Stage, Seed, Series A, Series B |
| Nº of Investments | 203 (118 as Lead Investor) |
| Nº of Exits | 13 |
| Top Portfolio Startups | Discord, Ggwp, Fuzzybot |
| Contact | info@bitkraft.vc |
Inventure provides high-conviction backing for early-stage founders with roots in the Nordics and Baltics. They operate on a principle of deep trust and fierce support for their founders, having backed companies like the food delivery service Wolt.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2005 |
| Founders | Kevin Lösch, Sami Lampinen, Timo Tirkkonen |
| Total Funding | $230M |
| Average Check Size | $10M |
| Industries | SaaS, Deep Tech & Hard Science, AI & ML, Healthcare, Education, Gaming, Devops, Cybersecurity, IoT, Consumer, InsurTech, Hardware, AR & VR, Food & Beverage, Enterprise, Marketplace, Big Data & Analytics, Manufacturing, Marketing, Automotive, Telecommunications |
| Investment Stage | Early Stage, Seed, Series A |
| Nº of Investments | 162 (78 as Lead Investor) |
| Nº of Exits | 21 (1 IPO'd) |
| Top Portfolio Startups | Mojo, Coudescene, Wolt |
| Contact | hello@inventure.vc / +46 76 600 95 60 |
Icebreaker.vc backs pre-seed and seed stage tech companies built by founders with deep domain expertise. They also cultivate a community of over 1,000 tech professionals, providing the initial capital and network needed for startups to bypass the post-accelerator slump.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2017 |
| Founders | Aleksi Partanen, Lasse Lehtinen, Riku Seppälä, Teddie Wardi |
| Total Funding | €126M |
| Average Check Size | €800k |
| Industries | Cybersecurity, IoT, Travel & Hospitality, Advertising, AI & ML, Big Data & Analytics, Proptech & Real Estate, AR & VR, Automation, Developer Tools, Media, Entertainment, Automotive, Energy, Human Resources, Legal, SaaS, Hardware, E-Commerce, Education |
| Investment Stage | Convertible Note, Early Stage, Seed, Pre-Seed |
| Nº of Investments | 126 (71 as Lead Investor) |
| Nº of Exits | 4 |
| Top Portfolio Startups | HoxHunt, Logmore, Flowhaven |
| Contact | info@icebreaker.vc |
The women-led venture capital firm iAngels partners with some of Israel's top entrepreneurs, investing from the seed stage through Series B. Their portfolio, which includes successes like eToro and Arbe, is built on a deep, proprietary due-diligence process that gives investors unique access to Israeli tech.
| Headquarters | Tel Aviv, Tel Aviv, Israel |
| Year Founded | 2013 |
| Founders | Mor Assia, Shelly Hod Moyal |
| Total Funding | $16.3M |
| Industries | AR & VR, AI & ML, Crypto & Blockchain, Consumer, Cybersecurity, E-Commerce |
| Investment Stage | Crowdfunding, Early Stage, Secondary Market, Seed, Series A, Series B |
| Nº of Investments | 125 (12 as Lead Investor) |
| Nº of Exits | 19 (3 IPO'd) |
| Top Portfolio Startups | eToro, Arbe, Outdoorsy |
| Contact | team@iangels.com / +972 3 901 3760 |
Established in collaboration with Sequoia Capital China, ZhenFund is a seed fund that invests in China's most promising innovators and founding teams. The firm provides extensive post-investment support, from mentorship to fundraising assistance, and has helped build a portfolio of over 800 companies, including more than 30 unicorns.
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2011 |
| Founders | Bob Xiaoping Xu, Victor Wang |
| Industries | E-Commerce, Consumer, Education, AI & ML, Enterprise, Internet & Mobile, Media, Hardware, AR & VR, Fintech, Healthcare, Entertainment, Sports |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 791 (180 as Lead Investor) |
| Nº of Exits | 59 (23 IPO'd) |
| Contact | media@zhenfund.com / 86 10 8447 5668 |
13 Additional AR & VR VC Firms Worth Pitching
Our main list is just the start for founders seeking funding in this space. The additional firms below have collectively invested in over 3,200 startups and helped nearly 700 of them reach an exit.
You'll find investors from the United States, Japan, Australia, and across Europe. Here’s a closer look at the other venture capital firms funding what's next in augmented and virtual reality.