Imagine watching the Golden State Warriors play from the front row or a taking in a heated Democratic presidential debate with 180-degree view – all from the comfort of your own home. With NextVR, the leader in live-action virtual reality broadcast technology, this is now possible. As the preeminent company that can transmit live high definition virtual reality over the internet, NextVR’s lens-to-lens system captures and delivers immersive experiences for marquis live events.

Comcast Ventures joins investors Formation 8, Time Warner Investments, Peter Guber, RSE Ventures, The Madison Square Garden Company and dick clark productions in NextVR’s Series A financing round of $30.5 million.

NextVR has demonstrated the power of live VR for sports such as basketball, soccer, hockey, and golf amongst others. The NextVR team is the best in the business to tackle this opportunity because they have a deep technical team that understands the challenges of transmitting these experiences into VR and the right business team that knows how to engage with broadcasters and rights holders.

"Comcast Ventures has been a fantastic partner to work with, bringing together for us their key executives from the Comcast NBCUniversal network to explore all the possibilities with their marquee content for virtual reality," said Brad Allen, Executive Chairman of NextVR.

NextVR is Comcast Ventures’ second virtual reality investment following social virtual reality software company, AltspaceVR.