Khosla Ventures, together with Version One Ventures, The Venture Reality Fund, and Moai Capital, led the $4.5 million Series Seed round of fundraising for Remio, a virtual reality platform for remote team creation and collaboration for global corporate clients.
San Francisco-based firm, founded in 2020 by Jos van der Westhuizen and Derrick van Schalkwyk, offers a complete solution for virtual team building in VR. The firm has witnessed significant organic growth and acceptance with multiple notable clients, including Google, Netflix, Hubspot, Fidelity, Twilio, Trello, and Nextdoor, thanks to the advent of hybrid work environments and the incorporation of VR technology in workplaces.
Remio has carved out a unique niche in the corporate team building industry by combining game-like elements with collaboration capabilities on a single platform. Enterprise clients may now develop their own magical environments, games, experiences, and other exciting activities in a safe environment, thanks to a new investment round.
Van der Westhuizen said: “We’re excited and grateful for the investor support, and appreciative that Sandhya Venkatachalam of Khosla is joining our board. Their support is a testament to the value we bring to our customers as well as Remio’s untapped market potential. Interactive workplaces with distributed teams is a growing, massive market opportunity, and I believe that Remio will provide the competitive edge for human capital development to our customers.”
Venkatachalam said: “There’s tremendous demand in the market for creative, interactive workspaces that lead to greater employee engagement and productivity. Remio is well-positioned to build upon its success in the enterprise by providing a superior metaverse experience for people and companies, and I’m looking forward to working with the team on this journey as a trusted advisor.”
Tipatat Chennavasin, General Partner and co-founder of The Venture Reality Fund, said: “We are excited to be investors in Remio as they continue to build the most compelling immersive team building and collaboration platform for the enterprise metaverse.”
In addition to the conventional VR collaboration tools offered in a company’s headquarters, such as whiteboards, breakout rooms, and magical presentation rooms, Remio provides a variety of team-bonding activities, such as Spaceship Escape Rooms, BarVR, and Paintball. Over 150 individuals may participate in highly interactive sessions in a single VR scene. The platform has previously hosted many corporate events with up to 300 people chatting, playing games, and exploring their metaverse concurrently.
There are self-serve and facilitator-hosted versions of this social software that encourages distant teams to work together via active engagement, education, and cooperation to accomplish their goals.
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