Europe’s VR ecosystem has grown to nearly 300 companies

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There are nearly 300 companies in Europe’s growing virtual reality ecosystem, according to new figures released today.

The figures are from US VC firm The Venture Reality Fund in partnership with French VR consultancy LucidWeb*.

(Disclosure: LucidWeb was cofounded by former tech.eu COO Leen Segers.)

Of the near 300 companies identified by Venture Reality and Lucid Web, 116 were selected to be part of the team’s VR Landscape Europe (pictured above).

“We chose to partner with LucidWeb as they have a strong database of top VR startups in Europe and valuable familiarity with the European ecosystem,” said Tipatat Chennavasin, general partner at The Venture Reality Fund. “These landscapes are a visual representation of our commitment to education and growth of the industry.”

VR gaming takes the lion’s share of the ecosystem and the UK is producing the most companies across the VR board. However there is activity around the continent, such as Switzerland’s Mindmaze, which has raised $100 million; Ireland’s Thrive Audio which was acquired by Google; and the Netherlands’ TheConstruct working with VR in the real estate industry.

“The VR industry is booming and not just in the US or Asia. The old continent has known a slower start, but definitely got up to speed during the past two years,” said LucidWeb CEO Leen Segers.

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