Funding and Acquisitions Roundup: Oculus VR gets $16M in real Series A cash for its innovative Virtual Reality headset

By Editor June 18, 2013

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

Virtual reality startup Oculus VR has secured a $16 million Series A funding round. The giant round was led by Spark Capital and Matrix Partners. It follows the company’s successful $2.4 million dollar Kickstarter campaign that shattered its goal of $250,000. Oculus VR makes an advanced 3D, motion detecting Virtual Reality headset. The Irvine, California-based startup was founded in 2012 by Palmer Luckey.

Vital Stats:


HQ: Irvine, California

Year Founded: 2012

Founder: Palmer Luckey

Investors: Spark Capital, Matrix Partners (Series A)

Innovation: An advanced 3D, motion detecting Virtual Reality headset, primarily for gaming.

Total Funding: $18.4 million (Kickstarter and Series A)

(Sources: Oculus VR, Kickstarter, TechCrunch)

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FiftyThree, Maker Of Drawing App Paper, Raises $15 Million From Andreessen Horowitz And Others (via TechCrunch)

Filipino Gift-remittance Startup Ayannah Gets $1M Angel Round (via TechCrunch)

Ad Giant WPP Leads $4.4M Round In Muzy, A Mobile Microblogging Startup With 20M Users (via TechCrunch)

Accel Launches Second $100 Million Big Data Fund (via AllThingsDigital)

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