Virtway raises £3.6m to fund UK expansion

Virtway, a 3D virtual world conferencing platform, has today announced that it has raised £3.6m to launch in the UK, marking its first expansion outside of the company’s native Spain. The funding was led by Virtway Invest AB and was driven by high demand for the platform in the UK and the USA.

Founded in 2014 by Spanish entrepreneur Jose Antonio Tejedor, Virtway is an immersive platform that provides online 3D virtual experiences such as conferences, fairs and training sessions.

Users choose their own avatar, and can present, talk and network with each other in real time, simulating the feeling of direct contact and offering a more engaging experience than webinars, video and conference calls.

Jose Antonio Tejedor, founder and CEO said: “This investment will be a great boost to what we hope will be a successful expansion in the UK following increased demand from English speaking countries. It’s a really exciting time for the company with a huge amount of interest in the product from companies and universities.

“We have an exciting and unparalleled product and are constantly working to improve the UX. There is no other platform that is offering the level of connectivity and experience that Virtway is currently bringing to the marketplace. The funding will be used to further improve the product and increase our footprint outside of Spain. It has come at a great time and we are looking forward to the next stage of our journey.”