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The 43 Best Virtual Reality Fast-Growing Startups

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Have you ever wondered who is on the list of Virtual Reality startups with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 43 fast-growing Virtual Reality startups that have top-tier venture capital funding.


43 Virtual Reality Startups

1) Oculus

1) Oculus

Oculus, which makes the Rift, creates virtual reality systems and technologies that allow users to experience anything with anybody.

Details of the startup:

  • Country: United States
  • City: Menlo Park
  • Started in: 2012
  • Founders: Brendan Iribe, Jack McCauley, Maxwell Planck, Michael Antonov, Mike LeBeau, Nate Mitchell, Palmer Luckey
  • Number of employees: 501-1000
  • Funding amount: $98,387,429
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

2) Niantic

2) Niantic

Niantic develops augmented reality platforms for current and future AR hardware generations.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2010
  • Founders: John Hanke, Phil Keslin
  • Number of employees: 101-250
  • Funding amount: $470,000,000
  • Number of funding rounds: 4
  • Number of investors: 20

You can find their website here.

3) Matterport

3) Matterport

Matterport is a company that creates a 3D media platform for creating 3D and virtual reality models.

Details of the startup:

  • Country: United States
  • City: Sunnyvale
  • Started in: 2011
  • Founders: Dave Gausebeck, Matt Bell, Mike Beebe
  • Number of employees: 251-500
  • Funding amount: $114,000,000
  • Number of funding rounds: 12
  • Number of investors: 32

You can find their website here.

4) Nearpod

4) Nearpod

Nearpod is an edtech platform that allows teachers in grades K-12 to create interactive presentations with films, quizzes, and other activities.

Details of the startup:

  • Country: United States
  • City: Dania
  • Started in: 2012
  • Founders: Emiliano Abramzon, Felipe Sommer, Guido Kovalskys
  • Number of employees: 251-500
  • Funding amount: $30,700,000
  • Number of funding rounds: 5
  • Number of investors: 20

You can find their website here.

5) The Wild

5) The Wild

The Wild is a virtual and augmented reality-based immersive collaboration platform that helps architecture, design, and enterprise teams save time and make better decisions by allowing them to experience their work together in a shared virtual area.

Details of the startup:

  • Country: United States
  • City: Portland
  • Started in: 2017
  • Founders: Gabe Paez
  • Number of employees: 11-50
  • Funding amount: $3,125,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

6) Labster

6) Labster

Labster is an e-learning startup that provides mathematically based virtual laboratory simulations.

Details of the startup:

  • Country: Denmark
  • City: Copenhagen
  • Started in: 2011
  • Founders: Mads Tvillinggaard Bonde, Michael Bodekaer
  • Number of employees: 101-250
  • Funding amount: $103,536,596
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

7) COVER Corporation

7) COVER Corporation

COVER Corporation is a virtual live distribution service that allows businesses to make animation that is compatible with AR.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2016
  • Founders: Tanigo Motoaki
  • Number of employees: 11-50
  • Funding amount: $8,683,441
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

8) Soul Machines

8) Soul Machines

Soul Machines creates emotionally intelligent and responsive avatars that alter how people engage with machines.

Details of the startup:

  • Country: New Zealand
  • City: Auckland
  • Started in: 2016
  • Founders: Greg Cross, Mark Sagar
  • Number of employees: 101-250
  • Funding amount: $65,000,000
  • Number of funding rounds: 2
  • Number of investors: 7

You can find their website here.

9) Vicarious Surgical

9) Vicarious Surgical

Through the use of surgical robots, Vicarious Surgical enhances the lives of patients and doctors by providing high-quality care.

Details of the startup:

  • Country: United States
  • City: Waltham
  • Started in: 2014
  • Founders: Adam Sachs, Barry Greene, Sammy Khalifa
  • Number of employees: 51-100
  • Funding amount: $43,150,000
  • Number of funding rounds: 5
  • Number of investors: 11

You can find their website here.

10) Decentraland

10) Decentraland

The Ethereum blockchain powers Decentraland, a virtual reality network.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2017
  • Founders: Esteban Ordano
  • Number of employees: 1-10
  • Funding amount: $25,500,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

11) Virtuix

11) Virtuix

Virtuix is a virtual reality platform developer that allows users to walk and run in virtual reality in 360 degrees.

Details of the startup:

  • Country: United States
  • City: Austin
  • Started in: 2013
  • Founders: Jan Goetgeluk
  • Number of employees: 11-50
  • Funding amount: $46,079,129
  • Number of funding rounds: 10
  • Number of investors: 18

You can find their website here.

12) Rec Room

12) Rec Room

Rec Room is a virtual world where you may play and create games with your friends.

Details of the startup:

  • Country: United States
  • City: Seattle
  • Started in: 2016
  • Founders: Bilal Orhan, Cameron Brown, Dan Kroymann, John Bevis, Josh Wehrly, Nick Fajt
  • Number of employees: 101-250
  • Funding amount: $149,000,000
  • Number of funding rounds: 7
  • Number of investors: 10

You can find their website here.

13) CEEK

13) CEEK

CEEK is a smartphone VR app that allows users to connect with bands in a virtual reality environment.

Details of the startup:

  • Country: United States
  • City: Miami Beach
  • Started in: 2015
  • Founders: Mary Spio
  • Number of employees: 11-50
  • Funding amount: $7,247,500
  • Number of funding rounds: 3
  • Number of investors: 1

You can find their website here.

14) Avataar.Me

14) Avataar.Me

Avataar.Me is a high-tech provider of AR and VR services that are utilized to turn 2D design materials into 3D social media campaigns.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2016
  • Founders: Gaurav Baid, Mayank Tiwari, Prashanth Aluru, Sravanth Aluru
  • Number of employees: 51-100
  • Funding amount: $7,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

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15) Specular Theory, Inc.

15) Specular Theory, Inc.

Award-winning virtual reality, augmented reality, and artificial intelligence (VR/AR/AI) training applications for the defense and commercial sectors. A Phase III SBIR firm. The company is based in Los Angeles, California.

Details of the startup:

  • Country: United States
  • City: Venice
  • Started in: 2013
  • Founders: Morris May, Ryan Pulliam
  • Number of employees: 1-10
  • Funding amount: $5,700,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

16) CLO Virtual Fashion

16) CLO Virtual Fashion

CLO Virtual Fashion creates lifelike 3D garment simulation technology for the fashion, film, and gaming sectors.

Details of the startup:

  • Country: South Korea
  • City: Seoul
  • Started in: 2009
  • Founders: Jaden Oh, JH Boo
  • Number of employees: 101-250
  • Funding amount: ₩6,000,000,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

17) Wave XR

17) Wave XR

Wave focuses on interactive virtual experiences with the goal of assisting artists in monetizing their work at the crossroads of gaming and entertainment.

Details of the startup:

  • Country: United States
  • City: Los Angeles
  • Started in: 2016
  • Founders: Aaron Lemke, Adam Arrigo, Finn Staber
  • Number of employees: 11-50
  • Funding amount: $42,500,000
  • Number of funding rounds: 7
  • Number of investors: 35

You can find their website here.

18) Heru

18) Heru

Heru creates unique AI-powered vision diagnostics and augmentation software that can be used with commercially accessible AR/VR devices.

Details of the startup:

  • Country: United States
  • City: Miami
  • Started in: 2018
  • Number of employees: 11-50
  • Funding amount: $32,700,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

19) Nreal

19) Nreal

Nreal is a company that creates mixed reality glasses that are ready to wear.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2017
  • Founders: Bing Xiao, Chi Xu
  • Number of employees: 51-100
  • Funding amount: $71,000,000
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

20) Varjo

20) Varjo

Varjo creates industrial VR/XR gear and software.

Details of the startup:

  • Country: Finland
  • City: Helsinki
  • Started in: 2016
  • Founders: Klaus Melakari, Niko Eiden, Roope Rainisto, Urho Konttori
  • Number of employees: 101-250
  • Funding amount: $99,900,000
  • Number of funding rounds: 7
  • Number of investors: 16

You can find their website here.

21) UX3D

21) UX3D

In 3D, UX3D offers GPU-based products and solutions for disruptive technologies such as AI, XR, and eCommerce.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2017
  • Founders: Norbert Nopper, Thomas Kress
  • Number of employees: 11-50
  • Funding amount: € 990,000
  • Number of funding rounds: 4
  • Number of investors: 1

You can find their website here.

22) VVDN Technologies

22) VVDN Technologies

Manufacturing | Product Engineering | Cloud & Apps

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2007
  • Founders: Bhupender Saharan, Vivek Bansal
  • Number of employees: 1001-5000
  • Funding amount: $35,000,525
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

23) Cluster

23) Cluster

A cluster that allows anyone to host virtual events such as live music and conferences.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2015
  • Founders: Johnson Tanaka, Kato Naoto
  • Number of employees: 1-10
  • Funding amount: $13,691,544
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

24) Insta360

24) Insta360

Insta360 is a smart technology firm that creates cameras that allow users to freely share their experiences.

Details of the startup:

  • Country: China
  • City: Shenzhen
  • Started in: 2014
  • Founders: JK Liu
  • Number of employees: 251-500
  • Funding amount: $39,000,000
  • Number of funding rounds: 4
  • Number of investors: 9

You can find their website here.

25) Holoride

25) Holoride

By combining XR with vehicle movement and navigation data, Holoride transforms automobiles into moving theme parks.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2018
  • Founders: Daniel Profendiner, Marcus Kühne, Nils Wollny
  • Number of employees: 11-50
  • Funding amount: € 10,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

26) Surrogate.tv

26) Surrogate.tv

Surrogate.tv is a third-party platform for creating physical encounters in real life.

Details of the startup:

  • Country: Finland
  • City: Espoo
  • Started in: 2018
  • Founders: Esko Vähämäki, Severi Tikkala, Shane Henrik Allen, Stanislav Dmitriev
  • Number of employees: 11-50
  • Funding amount: $4,509,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

27) GITAI

27) GITAI

GITAI is a robotics company that creates remote-controlled robots to take the place of astronauts in commercial space stations.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2016
  • Founders: Sho Nakanose
  • Number of employees: 1-10
  • Funding amount: ¥2,395,000,000
  • Number of funding rounds: 4
  • Number of investors: 12

You can find their website here.

28) Zero Latency

28) Zero Latency

Zero Latency is a virtual reality firm that creates an entire studio experience using an inverted virtual reality system.

Details of the startup:

  • Country: Australia
  • City: North Melbourne
  • Started in: 2013
  • Founders: Scott Vandonkelaar, Tim Ruse
  • Number of employees: 11-50
  • Funding amount: $8,947,474
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

29) OVICE

29) OVICE

OVICE is a voice-chat-based virtual space.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2020
  • Number of employees: 11-50
  • Funding amount: ¥100,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

30) JigSpace

30) JigSpace

Clients can use JigSpace to make and share dynamic spatial presentations.

Details of the startup:

  • Country: Australia
  • City: Melbourne
  • Started in: 2015
  • Founders: Numa Bertron, Sam Duff, Zac Duff
  • Number of employees: 11-50
  • Funding amount: $1,401,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

31) Adverty

31) Adverty

Adverty is a cutting-edge advertising platform.

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2016
  • Founders: Niklas Bakos
  • Number of employees: 11-50
  • Funding amount: $3,767,824
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

32) Resolution Games

32) Resolution Games

Resolution Games is a virtual reality and augmented reality game development company.

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2015
  • Founders: Martin Vilcans, Måns Ullerstam, Paul Brady, Tommy Palm
  • Number of employees: 51-100
  • Funding amount: $13,500,000
  • Number of funding rounds: 2
  • Number of investors: 11

You can find their website here.

33) TransGrid

33) TransGrid

The high-voltage power transmission network in the Australian state of New South Wales is owned and operated by TransGrid.

Details of the startup:

  • Country: Australia
  • City: Sydney
  • Started in: 1950
  • Number of employees: 1001-5000
  • Funding amount: A$2,000,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

34) Didimo

34) Didimo

Didimo is the world's top platform for creating high-fidelity, user-based digital human avatars automatically.

Details of the startup:

  • Country: Portugal
  • City: Leça Da Palmeira
  • Started in: 2016
  • Founders: Veronica Costa Orvalho
  • Number of employees: 11-50
  • Funding amount: $8,778,982
  • Number of funding rounds: 6
  • Number of investors: 12

You can find their website here.

35) 3vjia.com

35) 3vjia.com

3vjia.com is a VR-enabled 3D home design and furnishing portal.

Details of the startup:

  • Country: China
  • City: Guangzhou
  • Started in: 2013
  • Founders: Zhisen Cai
  • Number of employees: 501-1000
  • Funding amount: $117,592,153
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

36) DGene

36) DGene

DGene is a provider of virtual reality solutions.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 2016
  • Founders: Jason Yang, Jingyi Yu, Xu Hong, Yi Ma
  • Number of employees: 51-100
  • Funding amount: $21,326,887
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

37) 51WORLD

37) 51WORLD

Infrastructure provider for digital twins

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2015
  • Founders: Archer Li, Oscar Xue, Yi Li
  • Number of employees: 251-500
  • Funding amount: $45,000,000
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

38) ANTVR Technology

38) ANTVR Technology

ANTVR has superior technology and focuses on Augmented Reality (AR), Virtual Reality (VR), and Holographic Reality (HR).

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2014
  • Founders: NIE Jingzhou, QIN Zheng
  • Number of employees: 11-50
  • Funding amount: $56,450,450
  • Number of funding rounds: 4
  • Number of investors: 2

You can find their website here.

39) VeeR (Velocious)

39) VeeR (Velocious)

For virtual reality enthusiasts, there is a global VR content community.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2016
  • Founders: Ayden Ye, Jingshu Chen, Yue Chen
  • Number of employees: 11-50
  • Funding amount: $20,000,000
  • Number of funding rounds: 3
  • Number of investors: 8

You can find their website here.

40) Pimax VR

40) Pimax VR

Pimax designs and manufactures VR headsets in 4K and 8K resolutions.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 2015
  • Founders: Robin Weng, Veni Tang
  • Number of employees: 51-100
  • Funding amount: $19,236,618
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

41) ROOBO

41) ROOBO

Domgy is available for pre-order through Roobo, a hardware and AI firm based in China.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2014
  • Founders: Bruce Lau
  • Number of employees: 251-500
  • Funding amount: $153,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

42) Multiverse

42) Multiverse

Multiverse is a virtual reality and augmented reality game development studio.

Details of the startup:

  • Country: China
  • City: Shenzhen
  • Started in: 2016
  • Number of employees: 11-50
  • Funding amount: CN¥13,000,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

43) NOLO VR

43) NOLO VR

NOLO VR is a mobile and SteamVR motion tracking game.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2015
  • Founders: Daoning Zhang
  • Number of employees: 51-100
  • Funding amount: $24,506,840
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

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