On November 15th, Liaison Interactive released an investment announcement and increased the capital of US VR company Avegant by 10 million US dollars.
At the 27th meeting of the 4th Board of Directors of Hangzhou Liaison Interactive Information Technology Co., Ltd. held yesterday, the “Proposal on Capital Increase in the United States AvegantCorp.†was reviewed and approved, and the company was approved by the company as a wholly-owned Sun Company Digital Sky (Hong Kong) Technology. Co., Ltd. (hereinafter referred to as "Hong Kong Digital Tianyu") is the main investment entity. It will increase its capital of US$10 million to its own company, Avegant Corp. After the capital increase, it will hold a 30.07% stake in the target company. Hong Kong Digital Tianyu Company and Avegant in 2016 On November 14th, the "Avegant Corp B Voluntary Shares Purchase Agreement" was signed.
Founded in March 2014, Avegant is an entrepreneurial company specializing in the development and sales of smart devices in the United States. In 14 years, it received a $9.4 million Series A financing. This round of financing was led by Intel Capital and NHN Investment, and received $24 million in Series B financing, led by Hangzhou Liaison. The smart devices such as retinal imaging virtual reality glasses developed by the company have broad applications in simulation video, games and personal entertainment, and won the best product award at CES International Consumer Electronics Show, and sold worldwide. .
He Zhitao, CEO of the contact and interaction, said, “The core reason for investing in avegant is mainly their technology and innovation ability.†This capital increase will further complement Avegant's R&D investment, which will help to enhance the development and innovation of subsequent intelligent hardware products.
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