Founded in: 2015
Founder: Huang Chaiming
Financing status: Tens of millions in USD for Series B financing in 2017
HYPEREAL is a VR hardware startup that produced HYPEREAL Pano and two games. On February 28, HYPEREAL gave a speech titled “VR in China” at VRDC@GDC in San Francisco. HYPEREAL also had a demonstration comparing both Oculus Rift and HYPEREAL products on the same game, and this attracted the attention of the American media and global VR market.
HYPEREAL is a Shanghai company founded in 2015. The company raised this Series B financing round from Qiming Venture Partners, which has also invested in Xiaomi and ofo. HYPEREAL will release new products on March 27, and this fund will be used for mass production of its new products, the establishment of VR ecosystem, and expansion of the team.
Outbound travel startup Woxing received USD 25 million in Series B+ financing
Founded in: 2017 (Merger between Woqu Travel and Lulu Trip)
Financing status: USD 25 million in Series B+ financing in 2017
Woxing is the result of a merger between Woqu Travel and Lulu Trip. Though both companies have different business models, its merger is aimed to combine resources to expand its market reach. Woqu Travel was a Shenzhen travel company founded in 2013, and it expanded to offer travel services in the United States to Europe and other countries. Earlier, Woqu Travel raised USD 20 million in its Series B financing round led by Tecent.
Lulu Trip was founded in 2007 with its base in Silicon Valley. Lulu mainly serves the overseas Chinese community, and has accumulated a lot of tourism resources in North America, Europe, Australia and other destinations.
After the two startups merged to become Woxing, it received USD 25 million in a Series B+ financing round led by Yuantai Investment Partners Fund. This fund will be used to strengthen its overseas destination resources and improve user experience.
(Top photo from Hypereal.com)