Robert Stromberg’s Virtual Reality Company Raises $23 Million From Chinese Investor

Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding.

“This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream of visionaries.”

VRC is best known for “The Martian VR Experience,” a 20-minute piece that the startup produced in conjunction with the 20th Century Fox Innovation Lab. The company has since started to work on a number of additional experiences, including a Steven Spielberg collaboration that’s been described as  “a family oriented VR program.”

The new investment comes from China-based Hengxin Mobile Business Co., Ltd., which is also gaining exclusive distribution rights for VRC’s content in China as part of the deal. Other investors in the company include Metallica lead singer James Hetfield, Rothenberg Ventures and Elementum Ventures.

More Digital

  • Netflix Unveils 'Great Day in Hollywood'

    Netflix Unveils 'Great Day in Hollywood' Image Spot Highlighting Black Creators

    Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding. “This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream […]

  • Jonathan Friedland Netflix

    Netflix Comms Chief Jonathan Friedland Out Over Insensitive Comments

    Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding. “This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream […]

  • 2018 FIFA World Cup

    Fox Sports App Sees Big Lift From World Cup

    Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding. “This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream […]

  • Uber Sexual Harassment

    Self-Driving Uber Pilot Was Watching Hulu Before Deadly Crash

    Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding. “This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream […]

  • vice_logo

    New Staff Shakeup as Vice Restructures Its U.K./EMEA Studios, TV Operations (EXCLUSIVE)

    Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding. “This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream […]

  • Jen Ruggirello

    Vidcon 2018 Showcases Diverse Voices, Creators of Color

    Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding. “This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream […]

  • lucas the spider - youtube

    YouTube Creators Getting New Options for Paid Memberships, Merch Sales, Video Premieres

    Los Angeles-based Virtual Reality Company (VRC), which has been co-founded by “Maleficent” director and acclaimed visual effects artist Robert Stromberg, has raised a $23 million round of funding. “This recent injection of capital allows us to discover new creative territories and stake our claim in this exciting frontier,” said Stromberg. “VR is no longer just a dream […]

More From Our Brands

Access exclusive content