VRChat Raises Another US$10 Million in Venture Capital

Social VR platform VRChat, which has raised US$5.2 million in two previous rounds of venture capital funding, announced today that they have received an additional US$10 million in a Series C investment round:

According to a blogpost on their official blog:

The VRChat team is excited to announce that we have closed a $10m Series C investment round. This latest financing includes new investor Makers Fund, alongside existing investors HTCBrightstone VC and GFR Fund. We welcome Makers Fund and are proud to have them on board!

As to where that new investment money is going, VRChat also shared a diagram of what they plan to work on next (the text on this is a bit small, so you might want to look at this picture over on their blogpost instead, where you can zoom in on it and read it clearly):

The VRChat Development Roadmap (from their blog)

There are a lot of references to something called “Udon” on this roadmap. According to their blogpost:

VRChat “Udon” is an in-development programming language designed specifically for VRChat. It utilizes a “node graph” graphical interface to permit both new and experienced users to create complex, interactive content for their VRChat worlds.

Udon will unlock a whole new class of creativity in VRChat by allowing content creators to build far more interactive worlds, games, and experiences. We expect Udon to be a big deal! We believe it will have a massive impact on the types of content the community can enjoy in VRChat once released. Udon is currently in internal testing, and planned for release in Q4 2019.

But what I find the most interesting thing about this roadmap is what is not on it: a virtual economy, currency, and an in-world marketplace for user-created content. As we already know, they are actively looking to hire someone to get that ball rolling. I guess that part of VRChat is still too far off in the future to add to the plan…

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