Russian AR project Devar raises $3 million
Russian startup Devar develops entertainment and educational AR content. The company creates printed products and a mobile application for iOS and Android.
You can buy Devar license in 36 countries. The total print was 4 million copies last year, and company earned profit of 3 million dollars, which is 30% more than in 2016.
Leta Capital invested $3 million in Devar. This is not the first time the venture fund invests in VR and AR projects. All funds will be used to expand the product line:
- educational literature production;
- creation of content for children's games;
- creation of educational project for students.
Leta Capital gets minority shareholding as well, meaning the fund does not get control over the startup.
Subscribe to news
Keep up to date with the news industry, receives only useful information