Cardiff-based VR startup Virtus Tech secures £300k in seed funding and launches Virtual Hospital Wales; a centralized platform that allows healthcare professionals to learn virtually.

The VR learning market is expected to reach $350.9 billion by 2030 PWCthere are great opportunities for disruptive VR SaaS companies and Virtus Tech paving the way in Wales.

The post-revenue tech startup has become one to watch after their rapid growth over the past 12 months, and soon after investment and mentorship from Google for startups in the composition Tramshed Tech Startup Academy in December 2021. Their recent pre-seed round closed last month, securing £300k from SFC Capital as well as angel investors such as Mark West, Lord Mervyn Davies and one private individual.

SFC Capital is the UK’s most active early-stage investor, providing seed capital and support to promising start-ups across the country.

Edward Stevenson, chief investment officer at SFC Capital, says: “We are delighted to have led the latest round of funding for Virtus Tech. With their easy-to-use VR/AR technology, it will teach a large number of people and can be done anywhere, anytime. With the increasing adoption of VR/AR, there has never been a better time to invest in the space and the Virtus Tech team has the skills and experience to capitalize on this market.”

Virtus Tech offers a code-free solution that allows businesses to create a library of an unlimited number of interactive VR training simulations available on any device. Their versatile VR platform provides industry professionals with the tools to quickly and efficiently create their own virtual learning content. Employees can immerse themselves in 360-degree “real-world” scenarios and interact with 3D digital learning objects for superior knowledge transfer, saving the business time and money.

George Bellwood, co-founder and CEO, says: “We are very excited about what the future holds for Virtus Tech. This round of investment has been critical to our rapid growth in this sector, and the Virtus Tech team can’t wait to continue disrupting the virtual reality market.”

Virtus Tech’s DIGI Customize platform has been adopted across a number of sectors, including heavy-duty healthcare NHS Wales who are using the platform to create a Virtual Hospital of Wales; a centralized platform to create and distribute training materials for all healthcare professionals in VR training. This platform bridges the gap between Web 2.0 and Web 3.0 in medicine and is being rolled out across all health boards and universities in Wales, with the rest of the UK following suit.

Dr Costa Morley, Head of South Wales Primary Trauma Education Network, says: “With virtual reality training, we see the huge potential it will have in diversifying our educational offering for healthcare professionals. The Wales Virtual Hospital Project provides a simple, effective and affordable immersive learning solution that takes learning to the next level.”

The investment will be used to expand the international market, grow the team and continue research and development in exciting technologies with the introduction of new technologies such as tactile feedback to enhance the learning experience.

To find out more about Virtus Tech, DIGI Customize or Wales Virtual Hospital visit virtustech.co.uk.

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Virtus Tech secures £300k Pre-Seed investment from SFC Capital

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