HTC leads US$4 million investment in VR startup after Google acquires its Smartphone unit

VRChat broke the news the day after Google’s acquisition.

Taiwan News 
Date: 2017/09/25
By Teng Pei-ju, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Following the announcement September 21 by Taiwanese smartphone and virtual reality device maker HTC that it had agreed to sell part of its smartphone team to internet giant Google in exchange for US$1.1 billion, VRChat, an online platform for creating social virtual worlds, declared the day after that it had completed Serious A funding led by HTC, raising a total of US$4 million.

“Our goal is to enable anybody to create their own social VR experiences. Partnering with HTC gets us that much closer to achieving that, and driving social experiences for VR forward,” said Graham Gaylor, CEO of VRChat, in a statement on Medium on September 22.    [FULL  STORY]