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Virtual And Augmented Reality Investments Up to $2 Billion Over Last 12 Months

Augmented and virtual reality startups are continuing to attract big bucks from investors. Collectively, augmented reality (AR) and virtual reality (VR) companies have closed funding rounds totaling $2 billion over the twelve months ending June 30 2016, according to new data from Digi-Capital.

A lot of that money went to AR and VR headset hardware, thanks to one particular mega deal: Secretive augmented reality startup Magic Leap raised massive $793.5 million round of funding led by Alibaba this February. That investment alone accounts for 40 percent of all money that went into the sector, according to Digi-Capital.

But augmented and virtual reality don’t just attract money from institutional investors. Companies spent $849 million on merger and acquisitions during the same 12 months. Digi-Capital estimates that merger and acquisition activity for augmented and virtual reality companies could reach a billion dollar run rate by the end of this year.

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