AmazeVR finalized the $17 million raise with help from Mirae Asset Capital, Mirae Asset Venture Investment, CJ Investment, Smilegate Investment, GS Futures, and LG Technology Ventures. New strategic investors will join, including CJ ENM and Krafton. The Series B funding round will remain open until late December 2022 with space available.
“What AmazeVR has developed is truly top-notch,” says CJ ENM. “The VR entertainment industry is growing rapidly, and we believe that music and gaming are two of the most promising sectors for future development. “CJ ENM plans to convert concerts and music TV shows to VR music experiences with AmazeVR’s prime technology, and convert additional original content such as dramas and movies in the future to maximize their content value and business opportunities.”

AmazeVR plans to expand its partnerships with artists, artist management companies, labels, publishers, and agencies. The company also plans to hire more AI engineers, Unreal Engine engineers, and VFX artists to continue the advancement of its proprietary technology and the development of premier VR concerts. AmazeVR says its music metaverse service will launch across major VR app stores in 1H 2023.