Envelop VR, a virtual reality software company that is leading businesses and consumers to immersive computing, announced that it has closed its Series A funding with an additional investment from GV, bringing its total Series A round funding to $5.5 million. Envelop announced back in October 2015 its initial Series A round, led by Madrona Venture Group.
Envelop VR is creating productivity software that allows enterprises and consumers alike to create, work and play in a virtual reality environment. With its Series A round now complete and its initial Seed Round funding of $2 million, Envelop VR has raised a total of $7.5 million to date.
The money continues to be used to grow the product and business teams, as the company prepares to have its initial software offering, the Envelop Virtual Environment (EVE), publicly available when virtual reality headsets like the Oculus Rift and HTC Vive come to mass market later this year.
The Envelop Virtual Environment (EVE) will enable those with VR headsets to do their normal computing while they are in a 3D virtual environment, but now with the increased benefits and functionality that come with immersive computing. This includes being able to have multiple windows up at any given time, and moving and positioning them within their personal work environment in a way that makes them most productive and best fits their individual needs. EVE will also allow developers that are creating VR content to be able to comfortably work and stay in their VR headsets, instead of having to constantly switch between them and their 2D flat computer monitors as they do now.
“Immersive computing isn’t just a consumer phenomenon; business and productivity applications will greatly benefit as well,” said GV General Partner Joe Kraus. “The Envelop Virtual Environment is about making it easy for businesses to bring their applications into VR.”
“We feel very fortunate to have Joe and GV with us as an investment partner, said Bob Berry, Envelop CEO and co-founder. “Along with the team at Madrona Venture Group and our other angel investors, we are now well positioned to bring our software to market in the coming months. 2016 is sure to be an exciting year for the immersive tech industry, and we are thrilled to be a part of it.”