Tech Company Financing Transactions
Avegant Funding Round
Avegant closed a $24 million Series B funding round on 8/21/2015. Investors included Hangzhou Liaison Interactive Information Technology Co., Intel Capital and NHN Investment.
Transaction Overview
Company Name
Announced On
8/21/2015
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series B
Investors
Proceeds Purpose
The long-term plan is to sell the $599 headsets in physical retailers like Best Buy and Fry's. The immediate focus is to sell online in the U.S. and in China to early adopters who can help the startup iterate on the current design. Avegant Chief Executive Joerg Tewes said the fresh funds will also be used to continue improving the design, launch marketing efforts and accelerate sales and distribution.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
210 East Huron St. H
Ann Arbor, MI 48104
USA
Ann Arbor, MI 48104
USA
Phone
Website
Email Address
Overview
The world's first personal theater brings big-screen entertainment to your personal space. View all your favorite entertainment in vivid detail on the Avegant Video Headset with amazing audio and HD clarity, at home or at 30,000 feet.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Edward Tang
VP - General Counsel
Annie Rogaski
VP - R & D
Neil Welch
Browse more venture capital transactions:
Prev: 8/21/2015: Chase Pharmaceuticals venture capital transaction
Next: 8/21/2015: Kinvolved venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs