Education

VR pioneer Immerse raises $9 million in Series B funding

The $9m spherical, led by Eagle Venture Fund and Mustang Creek Capital, raises Immerse’s whole firm capital to $11.5m.

Immerse has additionally introduced plans to launch a consumer-facing language studying app onto different main digital actuality platforms.

According to Quinn Taber, co-founder and CEO at Immerse, the extra capital will assist to speed up Immerse’s mission to “become the foremost educator in the metaverse”.

“Over the last four years, we’ve developed a revolutionary product that is fundamentally transforming the way languages are taught and learned,” he mentioned.

It additionally hopes to be the “first subscription-based education service” within the Metaverse, starting with the discharge of its Spanish language studying program in summer season 2022. It additionally has plans to launch a French studying program later this 12 months, adopted by Japanese, Italian and German packages within the close to future.

“We’ve developed a revolutionary product that is fundamentally transforming the way languages are taught and learned”

Founded in 2017, the edtech firm boasts partnerships with “the world’s top language schools” to ship main VR English language studying to college students ranging in European, Asian and Latin American markets. Partners embody EC English, AEON, and CCEL, Taber added.

Together, they’ve “helped hundreds of ambitious language learners develop real-life foreign language communication skills from the comfort of their home, built an incredible team, and attracted world-class social impact investors”, he mentioned.

One precedence for the corporate is the removing of boundaries to studying and connection, which Christian Rowe, co-founder and chief development officer at Immerse, famous is very essential.

After years of social isolation in the course of the pandemic, social and bodily connection has grow to be extra distinguished, he mentioned.

“That type of human connection is why Immerse exists,” he advised The PIE.

“To remove the barriers to making this kind of human connection possible. We’re so excited to offer that to all the serious language learners around the world who have been stifled up until now.”

General companion at Eagle Venture Fund Wes Lyons added that training is “one of the most exciting applications of virtual reality since gaming and fitness”.

“We are thrilled to partner with Immerse to bring language immersion to the masses,” Lyons mentioned.

“This is a laser-focused staff that has already confirmed itself as a VR pioneer and training disruptor by way of its B2B work in English language studying. We usually are not solely enormous followers of their know-how, but in addition their values-driven tradition.

“We are proud to support their work as they strive to deepen human connection and to create positive social change in the world.”

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