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NextVR Raises US$80 Million in Series B Funding

August 09, 2016

FOR IMMEDIATE RELEASE

NEWPORT BEACH, CA ─ August 9, 2016 ─ O’Melveny represented Laguna Beach, CA-based NextVR, an innovative technology company that broadcasts live events in virtual reality, in a Series B funding round, raising US$80 million from prominent Asian technology companies and investment funds, among other key investors. Investors included China Assets Ltd., CITIC Guoan Information Industry Co. Ltd., CMC Holdings, Founder H Fund, NetEase Inc., Softbank Corp., Spectrum 28 and VMS Investment Group.

O’Melveny partners Tony Wang and Andy Terner, and associate Hilary St. Jean led the financing with key assistance from partner Chris Del Rosso and associate Rebecca Cottrell on benefits matters; partner Andy Dolak and associate Tom Oslovar on IP matters; and partner Eric Amdursky and counsel Lauren Elkerson on labor matters.

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Contact:
Julie Fei  
O’Melveny & Myers LLP 
213.430.7792    
jfei@omm.com