The Glimpse Group Completes $2,000,000 in Aggregate Funding and Appoints Sharon Rowlands to Board of Directors
October 10 2017 - 9:00AM
The Glimpse Group, Inc. (“Glimpse”), a Virtual Reality and
Augmented Reality (“VR” and “AR”) company comprised of multiple VR
and AR software & services start-ups, announced today that it
has successfully concluded its Series A funding round and appointed
Ms. Sharon Rowlands to its Board of Directors.
Over the past 12 months, Glimpse has raised over
$2,000,000, primarily from angel investors, family offices and
Glimpse founders. With our core building blocks in place, including
8 wholly-owned VR/AR start-ups (4 of which are already revenue
generating), we will focus our going forward fundraising efforts
primarily on institutional investors, targeting a $5,000,000
financing round. The new round will facilitate our continued growth
trajectory in the NYC area, as well as expansion to other
geographic locations where there is significant VR/AR activity.
Ms. Sharon Rowlands has more than 20 years of
experience leading multi-billion-dollar companies serving small and
medium-sized businesses, financial markets and enterprise
customers. She is currently the CEO of ReachLocal, Inc. (previously
Nasdaq: RLOC, acquired by Gannett Co., Inc in August 2016). Prior
to ReachLocal, she served as CEO of Penton Business Media Holdings,
Inc., CEO of Altegrity, LLC and CEO of Thomson Financial. In
addition to Glimpse, Ms. Rowlands currently services as a director
PegaSystems, Inc. (Nasdaq:PEGA).
"The VR/AR segment has the potential to
fundamentally transform how businesses, consumers and individuals
interact,” said Ms. Rowlands. “Given the early stage nature of the
industry - especially as it relates to software, services and IP -
I found Glimpse’s diversified operating model, experienced
management team, robust ecosystem and enterprise focus to be
compelling, unique and well thought-out. I am excited to join
Glimpse as a Director and investor, as we strive to capitalize on
the significant market opportunities ahead of us.”
"Over the last twelve months, Glimpse has made
significant progress, taking it from concept to reality. I would
like to thank our investors for their support and insight. We are
well positioned to continue on our path to becoming a leader in the
VR/AR software & services space,” said Glimpse President and
Chief Executive Officer Lyron Bentovim. “Having someone of Ms.
Rowland’s ability and experience join our team is a tremendous
addition and an important step in our evolution.”
About The Glimpse Group,
Inc.
The Glimpse Group is a Virtual and Augmented
Reality company, comprised of multiple VR and AR software &
services start-ups, and designed with the specific purpose of
cultivating entrepreneurs in the VR/AR industry. Our unique
business model simplifies challenges faced by VR/AR entrepreneurs
and creates a robust ecosystem, while simultaneously providing
investors an opportunity to invest directly into the emerging VR/AR
industry via a diversified platform. For more information on The
Glimpse Group, please visit www.theglimpsegroup.com.
For additional information please
contact: Maydan RothblumCFO & COOThe Glimpse Group,
Inc.(917) 292-2685maydan@theglimpsegroup.com
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