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CHINA BRIEF | Virtual community-builder Oasis VR raises over RMB 10 million in Series A round

Written by Song Jingli Published on 

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It is like VRChat.

Oasis VR announced that it has closed its Series A round, landing over RMB 10 million (specific figure undisclosed), led by Morningside Ventures and Bertelsmann Asia Investments, 36Kr reported on Thursday.

Oasis VR, set up in Shanghai in 2018, makes software that lets users build their own virtual reality identities that can be used in virtual communities or within the company’s own games. Their flagship virtual social platform, eponymously named Oasis VR, has been available on Steam since late last year.

The firm, not to be confused with the German VR firm of the same name, has also rolled out standalone tools that allow developers to build their own communities.

36Kr is KrASIA’s parent company.

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.

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