FOV Ventures, a new specialist VC firm to invest in early-stage founders at the forefront of the Metaverse, has he’d the first close of its target EUR25 million fund at EUR16.5 million.
The fund will invest in pre-seed and seed-stage companies across Europe, leveraging the industry expertise of its founding partners and its active ‘Edge Network’, a community of leaders in the field helping to scout new deals and support the fund’s portfolio.
The two Founding Partners of FOV Ventures – Dave Haynes and Petri Rajahalme – are industry veterans. Prior to launching FOV Ventures, the team has backed Metaverse companies such as Wave, the Warner Music backed virtual music concert platform; Immersal, the exited Finnish AR-cloud startup; and LIV, the mixed reality streaming platform.
