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Metaverse hype spurs record £154m investment into UK VR firms

UK VR investment

Investors put more than £150m of capital into UK virtual reality (VR) companies in 2021, making it a record year of funding for the sector.

Analysis by institutional stockbroking firm Arden Partners shows private investment in UK VR firms increased by 72% from 2020 levels.

It was bolstered by an unprecedented surge in investment in Q4, with the £72m raised during that period smashing the previous record of £46m in the final quarter of 2018.

Total UK VR investment stood at £154m in 2021 versus £90m in 2020.

According to Arden Partners, the video gaming industry is set to record exponential growth over the long term on the back of growing interest in the metaverse, the latest tech buzzword used to describe a future internet that is made up of a network of virtual and augmented worlds....