DabKick, Inc., a Cupertino, Calif.-based provider of a virtual reality powered free mobile communications app, raised $750k in seed funding.
Backers included GVA Launch Gurus and Bengala Investments. In conjunction with the funding, Vadim Balashov, Investment Advisor from GVA Launch Gurus, and Ranjith Kumaran, serial entrepreneur and current CEO of HighTail, will join DabKick’s Board of Directors.
The company intends to use the funds for engineering, product development and marketing initiatives.
Led by CEO Balaji Krishnan, DabKick develops social VR experience that lets consumers experience photos and videos together with friends – between VR devices and smartphones – while talking and live chatting at the same time.
The company is also partnering with Ericsson to create a VR cross-platform social experience that will increase VR adoption and user engagement in both VR devices and smartphones.
Current investors in DabKick include GREE, Digital Garage, Visionnaire Ventures, Plug & Play, GVA and PointGrey ventures.
FinSMEs
20/12/2016