News

VR eSports streaming platform Boom.tv raises $3.5 million in seed funding

Date Type Companies involved Size
December 15th, 2016 investment Boom.tv $3.5m
VR eSports streaming platform Boom.tv raises $3.5 million in seed funding

VR eSports livestreaming platform Boom.tv has closed a seed funding round worth $3.5 million.

Investment came from First Round Capital, Tandem Capital, Crosscut Ventures, Betaworks, Boost VC and BITKRAFT eSports Ventures. The funds will be used to push the platform out to more games.

The VR platform allows developers to add instant replays and multiple angles in their games using the 360-degree technology. It will also allow streamers to stream in VR, with viewers able to watch on the headset of their choice.

The hands of millions

"Improved broadcast technology was the tentpole around which professional sports mushroomed," said Boom.tv CEO Sumit Gupta.

"Our mission is to put 3D technology in the hands of millions of gamers and revolutionise the way eSports content is produced and consumed."

VR and eSports have been two of the big trends of 2016, so it's not surprising the two are beginning to merge. This week also saw VR eSports developer Drifter Entertainment close a $2.25 million seed funding round.


Editor

Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies