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Inflight VR secures $4.5 million in funding for virtual reality IFE

August 15, 2019 / Victoria Moores

European virtual-reality (VR) inflight entertainment (IFE) specialist Inflight VR has closed its largest equity financing round to date, securing over €4 million ($4.5 million) to support its growth plans. Inflight VR, which is targeting the airline market for its immersive VR entertainment headsets, described the funding as a crucial milestone toward making virtual reality a “business reality.” Existing shareholders and venture capital firms, such as Motu Ventures and CBC Investments, participated in the fund-raising exercise. “In this round, they were joined by new high-profile investors such as Stefan Lauer, a former executive board member of Lufthansa and Dr. Carsten Berrar, partner at Sullivan & Cromwell,” Inflight VR said. Inflight VR has already worked with several airlines, including Spanish carrier Iberia, South Korean LCC Jin Air, Singapore Airlines, Turkish leisure carrier SunExpress and Israeli airline El Al, as well as airport-lounge operat...