Colopl launched a $50M fund for Virtual Reality!

Colopl, a company which specializes in mobile gaming, recently launched Colopl VR Fund, a $50 million initiative that will provide support for the industry in time for the head-mounted displays to reach the global market in 2016. The Colopl VR Fund is open to funding all VR-related business from hardware to software, including games, video content, development tools, and distribution platforms.

As Naruatsu Baba, President and CEO of COLOPL, Inc. stated: “With the VR market predicted to reach US$30 billion in scale by 2020, VR can be the next most widely-adopted entertainment and communication platform, like PCs, the Internet, and smartphones became. COLOPL seeks to invigorate developers already involved in VR with a best-in-its-class industry-focused fund. This way, we can help VR expand beyond video games into other fields, and ultimately provide new experiences unlike anything human beings have seen before”.

 

ColoplColopl VR FundNaruatsu Baba