Analysis by institutional stockbroking company Arden Partners reveals that £154m worth of capital flowed into the private virtual reality sector compared to less than £90m in 2020. This was driven by an unprecedented surge of investment in Q4, with the £72m raised smashing the previous record of £46m in the final quarter of 2018.
In a report released in late 2021, Arden said the rise of virtual spaces, where players can create new environments to explore with other people through online avatars, has prompted technology conglomerates such as Facebook to hire thousands of employees to work on their development and focus on becoming leaders in the virtual reality space for consumer and professional services.
