VRtuoso secures further investment as it passes 1 million users

Charlie Spargo's picture

VR presentation software provider VRtuoso has announced that it has reached a million users and delivered more than 500,000 hours of virtual training - growth that has secured it further funding from Symvan Capital and Compagnia Bresciana Investimenti (CBI).

VRtuoso, which is a member of the Mayor of London’s International Business Programme, has now secured seed funding totaling more than $1 million.

Its clients include American Express, BT, PwC, EE, Pfizer, Leonardo Military Defence, BP, and Yoox Net-a-Porter - with a presence in the UK, continental Europe and the USA. London-headquartered, VRtuoso also has offices in Italy and America.

Founded by Frank Furnari (above), it describes itself as the first-ever VR live content creation and real-time guided content consumption platform, and it aims to enable any business to create VR presentations with ease, and with little or no VR experience required.

Frank Furnari, CEO and Founder of VRtuoso, said: “We have experienced significant sales growth over the last year as enterprises need to reduce costs and increase the effectiveness of training. In addition, COVID-19 has disrupted the way in which we all work, which is giving  enterprises even more focus to adapt and transform necessary training requirements.

"VRtuoso platform’s usage increased by 32% in 2020 compared to the last 4 months of 2019, and it is fast becoming the obvious go-to alternative to traditional training methods. Our follow-on funding from Symvan Capital and CBI is testament to the progress we have made to date.”

Nicholas Nicolaides, Investment Director at Symvan Capital, added: “This was the right time for us to provide a follow-on investment. VRtuoso is an example within our portfolio of a business that is solving a real need for its customers, at the same time enabling cost-savings whilst also experiencing growing demand in difficult market conditions.”

Tancredi Pisa Simonini Spada, Managing Director at CBI, said: “VRtuoso has performed above expectations across all the metrics we set and is experiencing rapid growth. A follow on investment makes total sense, even in these most testing of times.”