Between HTC’s Vive X accelerator and the VRVCA investor consortium that it heads, the company is already very active in the VR investment space. But today the company announced a brand new investment fund of some $160 million in a joint venture between HTC and the Shenzhen Municipal People’s Government.
HTC today announced that the jointly formed Premier Ventures is now in operation and working with an initial fund of 1 billion RMB (~$158 million). The firm plans to invest primarily in companies operating in the Chinese market.
While HTC had announced a $100 million VR-focused investment fund alongside Vive X back in 2016, the company confirmed to Road to VR that Premier Ventures is an entirely new fund. “The [Premier Ventures] fund will work closely with Vive X and VRVCA to identify qualified investment candidates in China and abroad,” HTC tells us.
It isn’t clear yet if Premier Ventures is exclusively focused on AR and VR technologies, or if that’s just one of several areas of focus for the fund. Interested startups can get in touch with the firm here.
The post HTC & Shenzhen Government Team Up for $160 Million Investment Fund appeared first on Road to VR.
Ream more: https://www.roadtovr.com/htc-shenzhen-government-team-up-for-160-million-investment-fund/
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