Roto VR gets £2.4 million to promote interactive VR gaming chair
Roto VR, the company that made the unique electric virtual reality (VR) chair Roto VR Explorer, has revealed that it has raised £2.4 million. This is the company’s second successful funding round. Pembroke VCT and new and old angel investors from the UK and the US each put in £500,000. After the world launch of the Roto VR Explorer chair last month, this investment will help the company grow even more by making it more visible in the market and increasing its ability to run its business.
With the new money, the business hopes to meet the growing demand for better VR game experiences. The money will be used to increase output, serve more customers, and meet the demand for interactive game technology.
The Roto VR Explorer chair is made to help with problems like motion sickness and not being able to fully immerse yourself in virtual reality. The chair is part of the “Made for Meta” program and has a 360-degree dynamic design. It works with more than 400 games and apps from the Meta Horizon shop.
Elliott Myers, the company’s founder, was excited about the start and talked about how important it is to work with industry stars like Meta. He also told the owners that he appreciated their continued support of the company’s goals.
The Explorer chair has its eye-tracking technology that makes the chair rotate in sync with the user’s gaze for a more realistic VR experience. The chair handles safety issues that come up with standing VR sets by letting users easily interact with 360-degree material while sitting down.
Roto VR has been actively seeking relationships in the VR business since 2019. The company has also signed selling deals with big stores like GameStop, Argos, and Selfridges, in addition to its work with Meta. Furthermore, GameStop will give demos of the VR Explorer chair inside some of its stores.
Roto VR recently made improvements to the Explorer chair by adding a head tracker for easy “look and turn” functions and a “Rumble” device for physical input. The chair is now being made in large quantities in China, which should lower prices and make shipping around the world easier.
Andrew Wolfson, CEO of Pembroke Investment Managers, praised the Roto VR team for making a product that improves the VR experience by getting around typical problems. He said that the Roto VR Explorer was an example of a British invention that could have a big effect on people all over the world.
As a lead investor and strategic partner, Pembroke continues to be very important by giving advice on key hires and giving the company access to useful networks. Pembroke has put a total of £2.2 million into Roto VR since its first investment in 2019.
Visit the main website of Roto VR to learn more about the Roto VR Explorer chair.
