AR and VR start-ups raised over $3.6 billion in the 12 months preceeding the end of the first quarter of 2018—a new record, according to Digi-Capital. Magic Leap, Niantic, Imporabable and Unity were among the top achievers, while the first quarter of 2018 saw AR/VR investments totalling $750 million.
In terms of individual investment sectors, AR/VR technology and smart glasses took a third each, while games, navigation, medical, social, photo/video and peripherals made up the bulk of the remaining investments. Deal volume grew quarter-on-quarter up to the fourth quarter of 2017, before declining in the first quarter of 2018.
The games and technology sectors took over 10% of the total deal volume, with the rest spread across photo and video, peripherals, smartglasses, advertising and marketing, art and design, VR headsets, entertainment, navigation, news, sports, travel and transport, and video sectors, among others.