Editing VRChat Inc. (section)

== Funding History ==

VRChat Inc. has raised a total of '''$96 million''' across '''10 funding rounds''' from '''8 institutional investors'''.

{| class="wikitable" style="width:100%;"
|-
! Round !! Date !! Amount !! Lead Investor !! Key Participants
|-
| First Round || January 14, 2015 || Undisclosed || — || First external capital
|-
| Seed || October 4, 2016 || $1.2 million || Rothenberg Ventures || —
|-
| Series A || September 21, 2017 || $4 million || HTC Corporation || Strategic VR hardware investment
|-
| Series A (follow) || February 15, 2018 || Undisclosed || GFR Fund || Post-viral-surge institutional entry
|-
| Series B || 2018 || Undisclosed || GFR Fund || Growth capital
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| Series C || August 21, 2019 || $10 million || Makers Fund || HTC, Brightstone VC, GFR Fund participate
|-
| Series D || June 11, 2021 || $80 million || Anthos Capital || Makers Fund, GFR Fund; ~$343M valuation; largest round
|}

=== Investor Profiles ===

{| class="wikitable" style="width:100%;"
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! Investor !! Type !! First Round !! Strategic Role
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| Anthos Capital || VC firm || Series D (2021) || Led $80M Series D; largest single contributor to VRChat's funding
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| HTC Corporation || Strategic (hardware manufacturer) || Series A (2017) || VR hardware alignment; investment predated the January 2018 viral surge by four months
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| GFR Fund || VC (AR/VR focus) || Series A follow (Feb 2018) || First invested after viral surge; participated through Series D
|-
| Makers Fund || VC (games/interactive) || Series C (2019) || Gaming-focused; participated in Series C and D
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| Rothenberg Ventures || VC || Seed (2016) || Earliest institutional backer
|-
| Brightstone Venture Capital || VC || Series C || Participated in growth rounds
|-
| WS Investments || VC || Earlier rounds || Investor
|-
| Gravity Fund || VC || Earlier rounds || Investor
|}