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Immersed

VR Offices (Partnered w/ Facebook, Microsoft, & HTC!)

What Investors Say

Managing Partner, Sovereign's Capital
LEAD INVESTOR
Invested $500,000 this round + $825,000 previously
The way we do work is changing, and Immersed is ready for it. After a year of us working remotely, many voices are declaring the mainstream solutions to be unsatisfying and fatiguing. This leads to lacks of fulfillment and productivity in our work, the activity that we spend the majority of our lives engaged in. At the same time, the XR market is evolving quickly. The cost of VR has fallen dramatically over the past decade, making it attainable to everyday workers for the first time in its 40-year history. It's a big and growing market today, said to be more than doubling year over year. The biggest tech companies are also developing AR glasses, which we believe will expand the collaboration market dramatically - people who find VR uncomfortable or dizzying (a group that shrinks with each iterative version of headsets) will be able to join coworkers and work from virtual screens in solutions made for augmented reality. Immersed has been building for this world for years, and their rate of development / iteration has made them a market leader in XR productivity. They have one of the most technically elegant and advanced solutions to make remote work productive and delightful. According to numerous Oculus reviews, the tech "just works" -- from easy onboarding, to their keyboard overlay that makes typing in VR nearly effortless. Their code is designed to expand quickly to new form factors, so they're ready to apply this same functionality to AR. While the market and tech are compelling, the wrong team can get in the way of a compelling opportunity. More than anything else, we believe in Immersed because of the team. We've partnered with Renji for almost 3 years now. They are one of the few companies we've known who have consistently hit or exceeded development goals; everything always takes longer than anticipated in startupland, but Immersed has had mastery over its own milestones. We look for persevering, creative, capital efficient founders, where senior team members have a founder mentality. At Immersed, that mentality runs all the way through the company.
At Sovereign's Capital, we use an exit value approach to assessing the size of opportunities. That is, if Immersed continues to work, what is a reasonable valuation at exit, and does that make today's price favorable? For Immersed, we believe the answer means that today's value represents a compelling amount of potential upside. That's one of the many reasons why we're privileged to be doubling down from our fund.

In the news

Celebrating the One-Year Anniversary of Oculus Quest + Rift S
July 7, 2020
We're about to celebrate an exciting milestone: the one-year anniversary of Oculus Quest and Rift S! From training your workforce to having fun with friends in multiplayer games, VR is transforming our ability to connect with each other from afar.
'Immersed' Comes To Oculus Quest In Remote Work Push
May 18, 2020
Two powerful remote work apps are available on Oculus Quest and coming to its official store later this year. Immersed is a bit like Bigscreen and Virtual Desktop with strong support for accessing your Mac or other types of PCs in a VR headset with real-time desktop sharing...
Facebook to Start Accepting Collaboration & Productivity Apps on Oculus Quest
May 18, 2020
For many, remote work may be a new long-term reality. In that spirit, Facebook today announced that it will be introducing more collaboration and productivity apps to the Oculus Store for Quest soon. The first productivity apps are said to land on the Oculus Store later this year, including Immersed as the company's ...
Immersed on BloombergTV
May 2, 2020
Immersed on BloombergTV
Immersed Debuts Public VR Co-Working Space Designed For Remote Collaboration - VRScout
August 13, 2019
Share TweetWater cooler talk just got an upgrade. Rather than setting up in a noisy coffee shop or paying for access to a co-working space, Renji Bijoy, the CEO of Immersed, is using VR technology to allow remote employees in multiple fields to work and collaborate entirely in a comfortable and productive VR space.
What People Say