<article>Virtual reality company Wevr raised $25 million from investors including <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=HTC+Corp+">HTC Corp </a>and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Samsung+Ventures">Samsung Ventures</a> to fund the launch of a new platform for VR creators to distribute content, executives said on Friday.</article>

Virtual reality company Wevr raised $25 million from investors including <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=HTC+Corp+">HTC Corp </a>and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Samsung+Ventures">Samsung Ventures</a> to fund the launch of a new platform for VR creators to distribute content, executives said on Friday.
The platform, called <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Wevr+Transport">Wevr Transport</a>, is available now to a limited number of users in a test phase. It is designed to run on various virtual reality headsets through an app and on a website.
Virtual reality video offers a 360-degree view that immerses people in fantasy settings. The technology has been touted for decades but never reached mass adoption.
This year, Facebook Inc&#8217;s <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Oculus+unit">Oculus unit</a>,  and others plan to introduce modern VR headsets. Wevr and other companies are making VR videos to lure audiences to the medium.
Wevr Transport features content from Wevr, other independent studios and major media companies, executives said. Current selections are free to watch, but paid VR experiences may be added to the mix later this year.
&#8220;Consumers will pay for content that they value,&#8221; Wevr&#8217;s chief executive, Neville Spiteri, said. &#8220;We think there will be experiences we will be able to sell.&#8221;
In future years, &#8220;there are opportunities for advertising and other revenue models,&#8221; Spiteri said.
Also Read:
<a style="color: #ff0000;" title="Google creates virtual reality arm, names key exec to head it" href="http://www.dealstreetasia.com/stories/google-creates-virtual-reality-arm-names-key-exec-head-26828/" rel="bookmark">Google creates virtual reality arm, names key exec to head it</a>
<a style="color: #ff0000;" title="Facebook-owned Oculus prices virtual reality headset Rift at $599" href="http://www.dealstreetasia.com/stories/facebooks-oculus-prices-rift-virtual-reality-headset-at-599-26051/" rel="bookmark">Facebook-owned Oculus prices virtual reality headset Rift at $599</a>
<a style="color: #ff0000;" title="Facebook-owned Oculus to take pre-orders for virtual reality headset Rift" href="http://www.dealstreetasia.com/stories/facebook-owned-oculus-take-preorders-virtual-reality-headset-rift-wednesday-25757/" rel="bookmark">Facebook-owned Oculus to take pre-orders for virtual reality headset Rift</a>
Reuters

Virtual reality company Wevr raised $25 million from investors including HTC Corp and Samsung Ventures to fund the launch of a new platform for VR creators.

Virtual reality co Wevr raises $25m from HTC, Samsung Ventures

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Virtual reality co Wevr raises $25m from HTC, Samsung Ventures

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief