OasisVR raises over RMB10m in Series A financing

China’s OasisVR, a virtual community platform has completed a Series A financing round of over 10 million yuan, led by Morningside Venture Capital and Bertelsmann Asia Investments. Public record shows that this round of financing was completed in September last year.

China’s OasisVR, a virtual community platform has completed a Series A financing round of over 10 million yuan, led by Morningside Venture Capital and Bertelsmann Asia Investments. Public record shows that this round of financing was completed in September last year.

Oasis VR, established in 2018, provides users with virtual image design tools and virtual social and gaming spaces. Currently it can be docked with VR and PC platforms. VR users can experience immersive social gaming experiences.

Yin Sang, founder of Oasis VR, once said that the technology of virtual space mainly involves three-dimensional space modeling, full-body tracking, and multi-player synchronization. In addition to leading technologies, virtual social platforms cannot stand out without data security and product design.

Compared with similar foreign products, one of the advantages of Oasis is that it has a huge market in China and can upgrade products faster.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/oasisvr-raises-over-rmb10m-in-series-a-financing/.

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