Finnish XR company Varjo seals $54 million Series C from new and existing investors

Varjo, a Finnish producer of VR/XR hardware and software, has closed $54 million in Series C funding. The round brought on new investors Tesi, NordicNinja and Swisscanto Invest by Zürcher Kantonalbank. Previous investors including Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars Tech Fund participated as well. With the new capital, the company will focus […]

UK startup Poplar scores $2.1 million to capitalise on AR momentum

UK startup Poplar, which provides a platform meant to significantly lower the bar for the production of 3D and AR campaigns, has secured $2.1 million in seed funding to boost growth. The round was led by Fuel Ventures, and joined by Haatch Ventures, Ascension Ventures and Super Ventures. The fledgling company was founded, and incubated […]


Swiss computer vision company Scandit lands $80 million Series C to digitally transform enterprise

Scandit, a Zurich-based enterprise platform for computer vision and augmented reality (AR), has raised an 80 million Series C round led by G2VP and joined by Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures. The Swiss technology allows enterprise companies to manage inventory, e-commerce and logistics within one intelligent scanning and tracking system. […]


Vienna-based TriLite raises undisclosed round to develop world’s smallest display for AR glasses

TriLite Technologies, the Austrian developer of the world’s smallest display technologies for augmented reality (AR) devices, has raised an undisclosed million dollar venture capital round led by Hermann Hauser Investment and APEX Ventures. i5invest and QC Venture Partners also participated. With major companies like Amazon, Apple, Microsoft, Sony and Samsung all jockeying to bring AR […]

European healthcare goes XR: Virtual, Augmented, and Mixed reality

Editor’s note: This is a sponsored article, which means it’s independently edited by our editorial team but financially supported by another organisation, in this case, LucidWeb. If you would like to learn more about sponsored posts on, read this and contact us if you’re interested in partnering with us. Although applications of XR in […]

AR startup Blue Vision Labs lands $14.5 million led by GV

UK augmented reality company Blue Vision Labs has raised $14.5 million led by from GV, formerly known as Google Ventures. Accel, Horizons Ventures, and SV Angel also participated in the investment in the company, which has announced that it is officially coming out of stealth. It is developing an SDK for sharing AR experiences across […]