How Much Did LIV Raise? Funding & Key Investors

LIV has successfully raised funds over six rounds, with the latest being a Secondary Market round. The company has attracted 17 investors, including Hartmann Capital and Credo Ventures.

Specializing in technology for sharing Virtual Reality experiences, LIV offers a platform that enables users to take pictures, record videos, and live stream within XR applications. Keep reading to explore the intricacies of LIV's fundraising journey and the investors backing this innovative platform.

What Is LIV?

LIV is a private company based in Delaware, Ohio, specializing in technology for sharing Virtual Reality experiences. The company operates in various industries, including Augmented Reality, Gaming, Hardware, Video Streaming, and Virtual Reality.

With an employee count of 1-10, LIV offers tools for capturing, recording, and live streaming videos within XR applications. The company is an official partner of Meta Quest, providing a flexible and high-performance SDK for developers and content creators.

How Much Funding Has LIV Raised?

1. Secondary Market
   • Amount Raised: Not publicly disclosed
   • Date: November 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
2. Series A
   • Amount Raised: USD 8,500,000
   • Date: March 2022
   • Lead Investors: BITKRAFT Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and invest in a creator and developer fund.
3. Series A
   • Amount Raised: USD 2,600,000
   • Date: November 2019
   • Lead Investors: Hiro Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and market expansion.
4. Seed
   • Amount Raised: USD 1,000,000
   • Date: July 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and build the core team.
5. Convertible Note
   • Amount Raised: USD 100,000
   • Date: July 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure early-stage funding for product development.
6. Seed
   • Amount Raised: USD 120,000
   • Date: July 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company and develop a prototype.

Total Amount Raised: USD 12,320,000. Current Valuation: Not publicly disclosed.

Key Investors

• BITKRAFT Ventures
  • Details: BITKRAFT Ventures is a global early- and mid-stage investment platform focused on gaming, esports, and interactive media.
  • Investment Focus Areas: Gaming, esports, interactive media.
  • Notable Investments: Epic Games, H4X, VENN.
• Hiro Capital
  • Details: Hiro Capital is a venture capital fund that invests in the UK, US, and European innovators in games, esports, and digital sports.
  • Investment Focus Areas: Games, esports, digital sports.
  • Notable Investments: Not publicly disclosed.
• Sony Innovation Fund
  • Details: The corporate venture capital arm of Sony Corporation, focusing on technology startups.
  • Investment Focus Areas: AI, robotics, IoT, entertainment.
  • Notable Investments: Mobalytics, LiquidSky, Light Field Lab.
• Amazon Alexa Fund
  • Details: A venture capital fund run by Amazon, focusing on voice technology and related areas.
  • Investment Focus Areas: Voice technology, smart home, AI.
  • Notable Investments: Ecobee, Ring, Mojio.
• Credo Ventures
  • Details: A venture capital firm focused on early-stage investments in Central and Eastern Europe.
  • Investment Focus Areas: Software, internet, mobile technology startups.
  • Notable Investments: Productboard, UiPath, Pricefx.

What's Next for LIV?

LIV stands at the cusp of significant growth opportunities, driven by the increasing demand for VR and AR content creation and streaming. With $8.5 million raised in Series A funding, the company plans to expand its team and invest in a creator and developer fund. The release of proprietary volumetric streaming technology and a destination platform in 2022 further underscores the potential for LIV to integrate its technology into more VR headsets and games, attracting a larger user base.

Future fundraising opportunities appear promising, given the successful Series A round and the involvement of high-profile investors like BITKRAFT Ventures and Sony Innovation Fund. As LIV continues to innovate and expand, additional funding rounds could help scale its technology and market reach. Strategic partnerships and potential acquisitions may also be on the horizon, enhancing LIV's capabilities and positioning in the VR/AR space.

However, challenges such as competition from other VR and AR platforms, technical hurdles in developing new technologies, and maintaining a large and active user base could pose obstacles. Ensuring a seamless user experience and continuously innovating will be crucial for LIV to stay ahead in this rapidly evolving industry.

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