Wasee VR closes RMB10m angel round of financing

On July 17, Wasee VR completed 10 million yuan in an angel round of financing, and the investor was Shanghai Wondertek.

On July 17, Wasee VR completed 10 million yuan in an angel round of financing, and the investor was Shanghai Wondertek.

Proceeds from this round of financing will be used to accelerate the product development process, increase marketing expenses and expand the sales team.

Wasee VR is a startup company focusing on VR technology. Based on VR 720° panoramic display technology, the company provides clients with VR live streaming, VR smart scenery, VR panoramic city, and VR panoramic shopping and other areas of easy-to-use, cost-effective platform solutions.

In terms of business model, Wasee VR intends to be a VR technology provider and content platform. Currently, the company’s clients are mainly advertising and media companies.

These partnering clients undertake and operate local VR live streaming and VR panorama productions, while the company shares the revenue with the clients as a technical support and platform provider.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/20/wasee-vr-closes-rmb10m-angel-round-of-financing/.

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