Oculus VR has turned Kickstarter success into what is fast-becoming one of the most interesting startups in the US today. Following a $16 million series A round, the company has announced that they have now closed an additional round of funding led by Andreessen Horowitz.
The deal will place Marc Andreessen on Oculus VR’s board. Irvine-based Oculus VR will use the money to ramp up efforts to bring their famed virtual reality goggles to market.
Competitors like Apple and Valve are also said to be working toward bringing similar products to market, so it’s important for Oculus VR to get out ahead of these potential future competitors.
This comes on the heels of news that Andreessen Horowitz has also invested $25 million into CoinBase, a US-based “virtual wallet” for Bitcoin.