A Tampa-based virtual production firm’s big seed round got heavy participation from investors in Orlando, where the company anticipates expanding this year.
Vu Technologies Corp. raised a $17 million seed round, the company announced March 1. Waterfall Ventures Investments, managed by Orlando Tech Council Chair Charlie Lewis, brought 30 Orlando-area angel investors into the round, contributing $1.7 million. Those investors include former investors in Orlando City Soccer and founders of fintech firm Stax.
It’s only fitting that Orlando investors are injecting money into Vu, as the company has interest in Orlando. Vu in December named Orlando one of seven cities where the company planned to add studios before the end of 2022. Meanwhile, Vu announced the $17 million from investors will fuel expansion beyond its three locations in Tampa, Nashville and Las Vegas.
