VictoryXR closes $2.5M investment round to scale its metaversity platform

In General XR News

December 5, 2023 – VictoryXR, a provider of immersive education solutions, has announced the completion of a USD $2.5 million investment round, which was completed by Hartmann Metaverse Ventures I, a fund specializing in immersive technology, gaming, and extended reality (XR).

Other participants in this fundraising round include Juvo Ventures, who led the effort, as well as Tamiami Angels and Kendall Hunt publishing. VictoryXR stated that the funding will be used to advance the global reach of its ‘metaversity’ platform.

“From day one we believed that XR could be a major force for good, disrupting and equalizing the antiquated education space. For the cost of a single text book, a VR headset could give access to entire worlds of high-quality immersive learning,” said Felix Hartmann, founder and Managing Partner of Hartmann Capital. “After carefully studying the industry it became evident that VictoryXR was consistently out-executing its competition reaching more universities and schools, while also upgrading its offering with the latest technologies in AI.”

VictoryXR, an edtech company known for integrating XR technologies such as augmented reality (AR), virtual reality (VR), and pass-through mixed reality, has made significant strides in education. The company stated that its platform is currently used in over 120 university campuses.

Steve Grubbs, CEO of VictoryXR, highlighted the company’s dedication to enhancing education through technology: “We continue to provide products that dramatically increase learning by students in both K-12 and higher ed.”

Grubbs also noted the company’s recent introduction of conversational AI avatars into its platform, which marks a “revolutionary step forward” for teaching remote students and providing quality instruction for every student.

Over the past year, VictoryXR has collaborated with major partners such as Meta, Qualcomm, T-Mobile, Lenovo, HTC Vive, and Pico, further solidifying its position in the edtech space.

For more information on VictoryXR and its XR education platform for schools and universities, please visit the company’s website.

Image / video credit: VictoryXR / YouTube

About the author

Sam Sprigg

Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.