Wevr Finds $25M For Virtual Reality Studio, Network

Venice, California-based Wevr has raised $25M in a funding round, for the company's virtual reality studio efforts, the company announced Friday. The funding came from strategic investors, including TC, Samsung Ventures, Evolution Media Partners, Madison Wells Media (Gigi Pritzker/Clint Kisker), Orange Digital Ventures, Digital Garage (Joi Ito), AME Cloud Ventures (Jerry Yang), Boldstart Ventures, Scott McNealy and Ross Levinsohn. WEVR is developing a content network specifically focused on virtual reality, which lets creators publish their work for access via such headsets as Google Cardboard, Samsung Gear VR, HTC Vive, Oculus VR. WEVR is led by VR content veteran Neville Spiteri. More information »