High Fidelity Gets New $22 Million Investment to Grow Virtual Reality Platform

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High Fidelity Gets New $22 Million Investment to Grow Virtual Reality Platform

High Fidelity Venture Equity Investment 22 million

Update, December 9: Bumped up for weekend discussion and sharing!

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just got a major investment of $22 million, the Wall Street Journal

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but didn't get much notice, since it was listed deep in a roundup of Form D regulatory filings.

"Investment was led by IDG Capital and new investor Jim Breyer / Breyer Capital," High Fidelity founder and CEO Philip Rosedale just confirmed to me."We'll have more to say as we get farther along with

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!"

$22 million is a pretty big cash infusion; in terms of burn rate, you could, say, hire over 200 new employees for a year with that kind of money (or 100 for two). Looks like High Fidelity is aiming for a major push at the mass market now.

Also interesting when you look at what companies this new investor,

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, has in its portfolio:

Marvel and the movie developer Legendary (Dark Knight, Interstellar, other massive hit). So also looks like Philip's new investor sees the consumer entertainment appeal to High Fidelity -- not to mention VR.

Hat tip:

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