Tech Company Financing Transactions

Avegant Funding Round

Avegant closed a $24 million Series B funding round on 8/21/2015. Investors included Hangzhou Liaison Interactive Information Technology Co., Intel Capital and NHN Investment.

Transaction Overview

Company Name
Announced On
8/21/2015
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series B
Proceeds Purpose
The long-term plan is to sell the $599 headsets in physical retailers like Best Buy and Fry's. The immediate focus is to sell online in the U.S. and in China to early adopters who can help the startup iterate on the current design. Avegant Chief Executive Joerg Tewes said the fresh funds will also be used to continue improving the design, launch marketing efforts and accelerate sales and distribution.

Company Information

Company Status
Private & Independent
Industry
Electronics
Mailing Address
210 East Huron St. H
Ann Arbor, MI 48104
USA
Email Address
Overview
The world's first personal theater brings big-screen entertainment to your personal space. View all your favorite entertainment in vivid detail on the Avegant Video Headset with amazing audio and HD clarity, at home or at 30,000 feet.
Profile
Avegant LinkedIn Company Profile
Social Media
Avegant Company Twitter Account
Company News
Avegant News
Facebook
Avegant on Facebook
YouTube
Avegant on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Edward Tang
  Edward Tang LinkedIn Profile  Edward Tang Twitter Account  Edward Tang News  Edward Tang on Facebook
VP - General Counsel
Annie Rogaski
  Annie Rogaski LinkedIn Profile  Annie Rogaski Twitter Account  Annie Rogaski News  Annie Rogaski on Facebook
VP - R & D
Neil Welch
  Neil Welch LinkedIn Profile  Neil Welch Twitter Account  Neil Welch News  Neil Welch on Facebook


 

 

Browse more venture capital transactions:

Prev: 8/21/2015: Chase Pharmaceuticals venture capital transaction
Next: 8/21/2015: Kinvolved venture capital transaction

 

Share this article

 


About Our VC Transactions Data

We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary