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Angel Investor (Individual)

Investments

3

Portfolio Exits

1

About Marcus Segal

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Latest Marcus Segal News

VR gaming startup ForeVR Games raises $10M to grow its library of Wii Sports-like titles

Oct 27, 2022

While Meta tries to convince users to attend virtual work meetings in its metaverse , ForeVR Games , a VR gaming startup with casual games like bowling, darts and cornhole, is a reminder that virtual reality is supposed to be fun. ForeVR announced today a $10 million Series A funding round, which is being put toward building its gaming portfolio and cementing itself as the “Wii Sports of VR.” Lobby Capital led the Series A funding round with participation from Bessemer Venture Partners and Galaxy Interactive. The new capital brings the company’s total raised to $18.5 million. Angel investors include Mark Pincus, founder of Zynga, and founders of Twitch, Emmett Shear and Justin Kan. Much like Wii Sports, ForeVR games are designed to be easy to play. Since launching in 2020, ForeVR has released three games– ForeVR Bowl ($20), ForeVR Darts ($10) and the newest addition, ForeVR Cornhole ($15). ForeVR games can be played single-player or multiplayer on the Meta Quest or Meta Quest 2 . Players can unlock skins for their cornhole bean bags/boards, darts and bowling balls, listen to music through YouTube-powered jukeboxes, as well as explore different “halls” and bowling lanes, such as bowling in Atlantis or playing darts at a British pub. Plus, the games are all connected, so if a player owns multiple ForeVR games, they can meet up with friends through in-game portals, allowing them to “bowl on the moon and then head directly to a ForeVR pool hall in Texas through the portals,” CEO and co-founder Marcus Segal told TechCrunch. Thanks to the company’s latest funding, the “ForeVRse,” as Segal likes to call it, will continue expanding. The company is set to launch its fourth title, ForeVR Pool , a virtual reality 8-ball pool game for all ages, on November 17. It will be available in the Meta Quest Store for $20. Earlier this month, Meta boasted that of the more than 400 apps in the Quest Store, over one-third are making millions in revenue. Although Segal wouldn’t reveal exactly how much revenue ForeVR has earned, he told TechCrunch that it surpassed the $1 million mark. Segal also said that since legs are coming to Meta’s avatars , ForeVR plans to “leverage that technology” when the time comes. Image Credits: ForeVR Games

Marcus Segal Investments

3 Investments

Marcus Segal has made 3 investments. Their latest investment was in LandVault as part of their Series A - II on September 9, 2020.

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Marcus Segal Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/23/2020

Series A - II

LandVault

$1.5M

Yes

Marcus Segal, Nigel Morris, and Undisclosed Investors

2

10/7/2014

Series A

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$99M

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10

1/3/2011

Seed VC

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$99M

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10

Date

9/23/2020

10/7/2014

1/3/2011

Round

Series A - II

Series A

Seed VC

Company

LandVault

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Amount

$1.5M

$99M

$99M

New?

Yes

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Co-Investors

Marcus Segal, Nigel Morris, and Undisclosed Investors

Sources

2

10

10

Marcus Segal Portfolio Exits

1 Portfolio Exit

Marcus Segal has 1 portfolio exit. Their latest portfolio exit was LandVault on June 20, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/20/2022

Merger

$99M

3

Date

6/20/2022

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

3

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