Oculus Rift secures $16 million in first round of investor funding

The first round of investor funding for Oculus Rift brought in $16 million, with contributions from Spark Capital, Matrix Partners, Founders Fund and Formation 8, the Oculus team announced today. This funding is separate from the Oculus Rift Kickstarter campaign, which asked for $250,000 and concluded with $2.4 million in September.

Spark founder Santo Politi and Matrix general partner Antonio Rodriguez are now on the board of directors for Oculus Rift, after they led the first funding round.

"In this business, there are only a few rare companies that can so perfectly embody the future you read about in science fiction novels," Rodriguez says in a press release. "What Palmer, Brendan and the team are building at Oculus so closely matches the Metaverse, we had to be part of it. Working with them to get this platform to market at scale will be enormously exciting."

A mere $16 million gets you access to the Metaverse. Not bad.

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Oculus Rift secures $16 million in first round of investor funding originally appeared on Joystiq on Mon, 17 Jun 2013 20:30:00 EST. Please see our terms for use of feeds.

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