# NOLO Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nolo-co

- Industry: Hardware
- Headquarters: Beijing, China
- Website: www.nolovr.com
- Total disclosed funding: $30M
- Latest round: Series B (Feb 25, 2021)
- Investors on record: 6

## About

Established in 2015 and based in Beijing, China, NOLO Co., Ltd. was founded by Daoning Zhang, who continues to lead the company’s strategic direction. Since inception, the company has focused on building advanced VR hardware and software solutions to enhance immersive experiences. Over the years, NOLO expanded its product portfolio to include the NOLO SONIC2 and NOLO X1 VR devices, gaining traction in China’s VR ecosystem. The company raised a strategic investment from Taiping Guofa.

The company offers VR devices and software solutions, including the NOLO SONIC2 and NOLO X1 headsets. Its products support cloud-based VR integration via the GSXR standard and are used in gaming, education, and enterprise training applications. NOLO also provides interactive VR systems designed to enhance user engagement and immersive experiences.

The company generates revenue through direct sales of VR devices via B2C e-commerce platforms such as JD.com and Tmall. It also earns income from software solutions and may offer subscription-based services and ongoing technical support for enterprise and consumer clients.

The company aims to expand into international markets, focusing on regions with growing demand for VR technologies. The funding from the strategic investment will be used for product iteration and market expansion, solidifying its leading position in the global VR/AR interaction space.

## Funding rounds

- Series B, Feb 25, 2021, $20M — Joy Capital, Galileo Ventures, NIO Capital
- Series A, Jul 29, 2019 — BlueRun Ventures, Joy Capital, Shanghai Shengjing Jiacheng Venture Capital Management
- Series A, May 24, 2018, $10M — BlueRun Ventures, Lotus Capital
- Angel, Jun 15, 2015 — Galileo Ventures

## Investors

- Galileo Ventures — Angel, Series B
- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A
- Lotus Capital — Series A
- Joy Capital (https://capitalatlas.ai/funds/joy-capital) — Series A, Series B
- Shanghai Shengjing Jiacheng Venture Capital Management — Series A
- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series B