The lifeline for any startup is the funding it can attract through the first few years of its coming to life. The take-off months and years are the most crucial since ideas need to be practically implemented on the ground, reached to the targeted customers and then the cycle formed. This is also the period the need for funds is the highest.
EEVO is a startup based out of Brooklyn, NY and deals in technology, particularly, in the field of virtual reality (VR). The company has now managed to close a $1.3 million second round of funding.
The investors include Eagle Advisors, 37 Angels and Funders Club. There are other minor participants as well in this funding exercise.
EEVO operates in developing apps that can help content creators transfer their contents to their customers via the smart devices, mostly smartphones, in the virtual reality mode. And the important part is these content creators need to make very little investment to make this happen.
One of the major tie-ups EEVO has been able to conclude is with the broadcaster BBC. The startup has developed a dedicated app Taster VR for BBC which is used by them to make 360° videos in VR from their website without having to do any programming work at their end.
The customer could download the app from their website on to their iPhones or Android devices and start viewing the videos on the site. Some of the nature related programs like Planet Earth II on BBC can offer immersive experience and quite a thrill when viewed through the app developed by EEVO and supplied to BBC.
The report says EEVO had received its initial funding of $1million in 2015 and now, this next tranche of $ 1.3million has been assured.
As EEVO marches on with its app creation activity, it is trying to focus on saving costs for their customers and more customers are getting convinced of this idea of low-cost acquisition of technology.