Distance Technologies Oy raised $2.7M in an oversubscribed pre-seed round led by FOV Ventures and Maki.vc for revolutionary glasses-free XR technology.
Jun 13, 2024•over 1 year ago
Amount Raised
$2.7 Million
Round Type
seed
HelsinkiManufacturingInvestors
David Helgason’s Foobar.VcBusiness FinlandMaki.VcFov Ventures
Description
Distance Technologies Oy, a developer of glasses-free extended reality (XR) technology designed for the automotive, aerospace, and defense markets, has today emerged from stealth and raised a total of USD $2.7 million in an oversubscribed pre-seed round led by FOV Ventures and Maki.vc with further investments from Business Finland and David Helgason’s Foobar.vc.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers