Immersed

A VR Workspace for Remote Teams

Company Information

Website:

https://immersedvr.com/

Sector:

Collaboration & Project Management Software

Location:

Austin, TX

Immersed enables teams to work together in a virtual workplace.

Its software creates multiple virtual screens and a virtual whiteboard. This is presented in a distraction-free, private virtual office. Team members can “teleport” into each other’s offices to share screens and collaborate.

Immersed is a timely solution as teams have embraced remote work in the wake of Covid-19. Demand for remote collaboration tools is at an all-time high. Enterprises currently spend $34 billion on collaboration solutions, and are projected to spend $59 billion by 2023.

Immersed has a partnership with Facebook, which declared the startup to have the best user experience for working in virtual reality. Through this partnership, Immersed has become the top productivity app in Facebook’s Oculus Store. This is affiliated with the social media company’s popular virtual reality device, the Oculus.

Immersed graduated from the Techstars accelerator in 2017. Its team includes a former creative technologist at Google, a former Microsoft Windows software developer, and a former lead developer at Y Combinator.

Team Background

Pablo Vela - Computer Vision Engineer
Joe Bernardi - VR and Web Developer
Renji Bijoy - Founder & CEO

Co-Investors

TechStars

Prominent accelerator for tech companies. Investments include Uber, ClassPass and Twilio.

Raising
$5 million
Committed
$4.57 million (91%)
Current Valuation
$60 million
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $950K
    2020-04-01
    Unknown
    (Convertible Note)
  • $265K
    2018-10-01
    Unknown
    (Convertible Note)
  • $340K
    2017-11-01
    Unknown
    (Convertible Note)
Notable Investors
  • TechStars
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