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Virtual reality start-up 8i scores big name $US13.5 million funding

Rose PowellJournalist
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A New Zealand-based virtual reality entertainment start-up has raised $US13.5 million ($18.4 million) from leading US venture funds and movie star Ashton Kutcher, as part of an accelerating trend of US funds seeking out deals in the Asia-Pacific region.

Serial entrepreneur Linc Gasking co-founded 8i, which develops software that can be used by virtual reality headsets such as Oculus Rift and PlayStation VR.

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Rose Powell is a journalist with Fairfax Media. Connect with Rose on Twitter.
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    Original URL: https://www.afr.com/technology/peter-jacksons-virtual-reality-startup-8i-scores-big-name-us135-million-funding-20151015-gk9j63