# Envelop VR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/envelop-vr

- Industry: Software
- Headquarters: Bellevue, US
- Website: www.envelopvr.com
- Total disclosed funding: $5.5M
- Latest round: Series A (Jan 13, 2016)
- Investors on record: 2

## About

Envelop VR specializes in creating immersive virtual reality experiences, focusing on enhancing productivity and collaboration in various industries through advanced technology solutions.Founded in 2014 and headquartered in Bellevue, US, Envelop VR develops virtual reality software aimed at improving business collaboration. The company has undergone strategic pivots to enhance its offerings, particularly in the realm of immersive work environments. Envelop VR has successfully raised USD 1.5 mn in Series A funding on January 13, 2016, led by Google Ventures, bringing its total funding to USD 1.5 mn with three notable deals since inception.Envelop VR primarily offers virtual reality solutions designed to foster collaboration and productivity in business settings. Their flagship product enhances team interactions through immersive environments, catering to diverse industries aiming for innovative workspaces. In addition to their core offerings, Envelop VR is involved in creating tools that integrate with existing business software, ensuring a seamless user experience for clients in North America, Europe, and Asia.Envelop VR's revenue model is centered around licensing its virtual reality software, with pricing structured based on the scale of implementation in businesses. Specific financial figures regarding revenue are not disclosed, but the firm engages in direct sales of its software products and may offer subscription plans for ongoing support and updates.Envelop VR aims to expand its product line with new immersive tools set to launch in late 2023, enhancing features for remote collaboration. The company targets geographical expansion into Europe and Asia by 2024 to capture a broader market. The recent funding of USD 1.5 mn raised in January 2016 will be utilized to support product development and marketing initiatives to facilitate this growth.

## Funding rounds

- Series A, Jan 13, 2016, $1.5M — GV
- Series A, Oct 28, 2015, $4M — Madrona Venture Group

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A