[UPDATE 9/21/15] – Jaunt has raised $65 million in a Series C funding round according to the company. The funding is led by the Walt Disney Co., Evolution Media Partners, and China Media Capital (CMC). This latest rounds brings Jaunt to approximately $100 million raised to date and marks the biggest single funding event for a VR company.
Word is that virtual reality startup Jaunt will soon be announcing a large Series C round of financing, this according Variety. The specific amount wasn’t available ahead of the company’s official announcement, but according to Variety’s sources, the amount is north of $50 million.
Jaunt is on a roll with their funding rounds, with their latest Series C round coming in about a year after the company secured a $27.8 million Series B round with investors Highland Capital Partners, Redpoint Ventures, Google Ventures, BSkyB, and other individual investors.
The announcement of the new funding is expected to come as soon as next week, just in time for Oculus’s Los Angeles developer conference Connect 2. Los Angeles will be buzzing with many of the top developers and content creators in virtual reality, all hoping to get a firsthand look at the latest Oculus Rift experiences and announcements from the Facebook-owned company.
VRScout’s Tessa checking out the 7 For All Mankind and Jaunt retail experience
Jaunt has gone from just testing a proprietary VR camera to building out a VR content studio and creating some very compelling VR experiences this year. Jaunt is tackling it all.
In the past 6 months alone, Jaunt has partnered with Sean Combs’ music network, REVOLT TV, to bring music fans to the front row. The company has partnered with North Face to bring VR experiences into retail and recently shot a runway fashion show for Rebecca Minkoff. A new camera was announced codenamed NEO, a VR content studio was built in Los Angeles, and yesterday Jaunt partnered with ABC News to launch a new unit called ABC News VR.
Just today, Jaunt announced a partnership with Carrot Creative, a Brooklyn-based digital agency, representing the first alliance between an agency and a VR content and technology provider.
VRScout’s Carly catching up with CTO Arthur Van Hoff earlier this year at VRLA:
As consumers constantly look for new and exciting ways to interact with brands, we can expect a continued push towards technologies like virtual reality as a new wave of storytelling and elevation of brand marketing. Along with Rothenberg Venture’s latest commitment of $10 million to virtual reality startups announced today, we can expect news like Jaunt’s raise to become more and more common.
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