Prague-based mixed reality game streaming platform LIV has secured $2.6 million in funding to expand its development team in order to accelerate its VR streaming technology development and integrate more third-party games studios.
The Series A funding round was led by games, esports/streaming venture capital fund – Hiro Capital.
LIV was founded in 2016 by AJ Shewki (Dr Doom), Steffan “Ruu” Donal and friends – a team of ex-competitive gamers, Twitch streamers, game developers and nerds who tried early VR HMDs and were convinced of VR’s huge potential in the future of entertainment and esports. Yet when they tried to broadcast their adventures in VR, they found the spectator experience was broken.
“The tools used for broadcasting traditional PC games couldn’t show the intensity of what we were experiencing as players” says Shewki. “In VR, your body is the controller and that’s part of the magic. As a player, you are fully immersed in VR, but unless we can show the player’s body interacting with their VR environment, the 2D stream audience is missing out. And that’s how we got started – we wanted to level up the VR spectator experience.”
LIV is a game streaming platform, built to empower virtual reality streamers and game stream audiences to interact with each other in fun and meaningful ways. LIV’s proprietary technology turns stream viewers from passive spectators into active participants in the game and brings the streamer’s real-world moving body into the live digital VR stream
“Our mission at LIV is to connect game developers, streamers and audiences to create the very best VR spectator experiences,” he added. “We are now in full swing, with hundreds of VR games integrated, (including from leading developers like Beat Games, Cloudhead Games and Survios), thousands of VR streamers (like Ragesaq and VROasis) and billions of views to date of LIV-powered game streams on Twitch, Mixer, YouTube etc.
“Our next releases will add dynamic lighting, progression systems and other cool features as the LIV Play platform becomes a massive scale MMO for live gaming spectator-ship. We are obsessed with creating shared hybrid game experiences where audiences play an integral role in the success of the streamer’s game."
“Doom and his team are super smart, passionate gamers and streamers, living and breathing in the Mixed Reality world which they are empowering with LIV,” said Luke Alvarez, managing partner of Hiro “While the VR market is still small, the streaming audience is huge.”
For more information, visit https://liv.tv/.