Bellevue-based Envelop VR made headlines in November when it announced its Series A funding was led by Madrona Venture Group. It was the first investment into virtual reality for the Seattle-based venture capital firm.
Now, Envelop is back to update its Series A announcement. The company closed the $5.5 million round with not just one hot VC name, but two with the addition of GV, formerly known as Google Ventures.
“We feel very fortunate to have Joe and GV with us as an investment partner,” Bob Berry, Envelop CEO and cofounder, said in a statement. “Along with the team at Madrona Venture Group and our other angel investors, we are now well positioned to bring our software to market in the coming months. 2016 is sure to be an exciting year for the immersive tech industry, and we are thrilled to be a part of it.”
With the close of the funding round, the company is preparing to launch its hallmark software offering, Envelop Virtual Environment, when the Oculus Rift and HTC Vive headsets come to market later this year.
EVE will enable users to handle normal computing while in a VR environment. A major perk is the ability to place windows anywhere in the virtual environment, thus eliminating the need for numerous screens. Developers creating VR content will be able to stay in a 3D environment, instead of switching to 2D monitors as they do now.
“Immersive computing isn’t just a consumer phenomenon; business and productivity applications will greatly benefit as well,” GV General Partner Joe Kraus said in a statement. “The Envelop Virtual Environment is about making it easy for businesses to bring their applications into VR.”