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Baobab Studios Raises $25 Million in New Funding Round

Road to VR

Original investors included Comcast Ventures, HTC and Samsung, but now join Horizons Ventures, Twentieth Century Fox, Evolution Media Partners (backed by TPG and CAA), China’s Shanghai Media Group, Youku Global Media Fund and LDV Partners. SEE ALSO Comcast, Samsung, and HTC Join $6 Million Investment in VR Animation Studio 'Baobab'.

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A Brief History of VR

VeeR VR

In 2001, SAS Cube created the first PC based cubic room that then led to the development of Virtools VR pack, a library pack add-on. It was also in 2010 that 18-year-old Palmer Luckey created the first prototype of Oculus Rift, the famous VR headset. Two years later, in 2014, Facebook bought Oculus VR company for 2 billion USD.