Comcast Ventures


NextVR raises $80m funding round

Virtual reality broadcast specialist NextVR has raised US$80 million in Series B funding, which it said will help to expand its global footprint. With the new financing, NextVR said that it will accelerate development of its virtual reality platform and international operations. The company, which specialises in streaming live VR content, said that it plans to […]

Comcast Ventures invests in VR studio

Comcast Ventures has invested in virtual reality studio Kite & Lightning, marking the latest in a string of bets in the VR space. Comcast Ventures’ Catalyst Fund contributed to Kite & Lightning’s US$2.5 million seed round, which was led by Raine Ventures and also included contributions from Social Capital, Outpost Capital, Boost VC and Jason […]

Report: NextVR raises $20m from Chinese firm

NextVR, a company that specialises in virtual reality live-event streams, has reportedly raised US$20 million from Chinese investment group CITIC Guoan. According to a Variety report, CITIC bought Class B shares representing 2.3% of NextVR’s total equity, with the deal part of a planned US$80 million round that will value the firm at US$800 million. […]

Comcast invests in ex-DreamWorks exec’s VR start-up

Comcast has led a round of investment in Spaces, a VR firm founded by entrepreneurs including Brad Herman, the former CTO of DreamWorks, the animation studio recently acquired by Comcast. The cabler’s investment arm, Comcast Ventures, led the US$3 million funding round. Spaces will be run by video games veteran Shiraz Akmal as CEO, alongside […]

Scripps leads $25m YouTube food network funding round

Scripps Networks Interactive has led a US$25 million round of Series C funding in US YouTube channel and digital food network Tastemade. Participation in the round also came from Liberty Media, Comcast Ventures, Redpoint Ventures and Raine Ventures. California-based Tastemade makes millennial-targeted, food-related content that appears in more than a dozen languages across sites like […]

Time Warner linked to web channels operator Fullscreen

US media giant Time Warner is reportedly seeking to follow the likes of Disney, RTL and ProSiebenSat.1 into the YouTube multi-channel operator business. Bloomberg has reported Time Warner is seeking to buy leading MCN Fullscreen, which Relativity Media and Yahoo are also said to be interested in. The companies have held talks over a deal, […]

Machinima looking for funding to boost originals slate

Videogame-focused online video network Machinima is reportedly looking to raise a new round of funding after hiring financial advisors Allen & Co. According to an All Things D report, Machinima is aiming for a “mega-round” of financing that could reach the “US$70 million-plus” range, in order spend more money licensing original shows. It is also […]