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A giant leap for VR Education as it prepares to join AIM

Published: 09:44 26 Feb 2018 GMT

Moon
You can make your own trip using VR Education

A learning technology specialist that has made 3D re-creations of the Apollo 11 Moon landing and Titanic’s ill-fated maiden voyage is set to join AIM.

VR Education, the holding company of Immersive VR, has pencilled in 12 March for its admission and has started a roadshow to raise £6mln.

READ: Sure Ventures readies for the virtual reality revolution

Immersive VR uses the 3D re-creations to showcase its learning platform, where it already has established partnerships with universities such as Oxford, enterprises including the BBC and business training firms.

Apollo 11 VR and Titanic VR are currently sold via the Oculus Store, Steam and Playstation but VR will use the funds raised for the development of ENGAGE, an online virtual social learning and presentation platform for educational and corporate training purposes.

ENGAGE enables educators and trainers to use the software to create their own VR lessons and presentations.

Founders David and Sandra Whelan own 58% of VR, while Irish venture capital group Suir Valley, now Sure Ventures PLC (LON:SURE),  has an 8.7% stake.

Barry Downes, Suir’s chief investment officer, also owns a further 9%.

VR Education is expected to have a market capitalisation of £19mln once the funding and listing are completed.

Sure Ventures PLC is listed on the specialist funds sector of the LSE.

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