Immersive Work Space Company Envelop VR Raises $5.5 Million

    Last week’s Consumer Electronics Show (CES) in Las Vegas, Nevada saw a number of companies use the HTC Vive virtual reality (VR) head-mounted display (HMD) to showcase a range of compatible software and hardware. Among them was Envelop VR, which is creating experiences to enhance business productivity and more. With that showcase now out of the way, Envelop VR is today announcing that it has raised some $5.5 million USD through a Series A round of funding that was started all the way back in October 2015.

    The funding round joins an earlier seed round of funding to make some $7.5 million raised it total. It was led by Madrona Venture Group and will be used to help grow the company’s product and business teams working on its first product, the Envelop Virtual Environment (EVE). EVE allows people to carry out normal work activities on a virtual computer, now enhanced with VR functionality such as showing multiple windows at a time and being able to move them to any position within the environment.

    “We feel very fortunate to have Joe and GV with us as an investment partner,” Bob Berry, Envelop CEO and co-founder said of the news. “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.”

    For the latest on Envelop VR, keep reading VRFocus.


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