SideQuest Raises $3m USD to Grow Storefront

The Irish Startup Raised the Funds to Grow its Oculus-Backed Experimental Solution Ahead of a Major Event

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SideQuest Raises $3 million to Develop Experimental Storefront
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Published: October 22, 2021

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Rory Greener

SideQuest has raised $3 million USD to develop its experimental virtual reality (VR) storefront, bringing the firm’s total valuation to $10 million, the Irish Times reported on Friday.

PROfounders led the funding round with additional capital from Ada Ventures, Connect Ventures, Ascension, and SCNE, with the funds allowing Sidequest to expand and boost community engagement.

The news comes as the Irish startup raised $650,000 in a funding seed last year led by Boost VC and Palmer Lucky, Oculus VR founder, following a major surge in popularity for the headset.

The new storefront is an open-source desktop and mobile app designed to facilitate the distribution and sideloading of VR applications ranging from early access games to experimental programmes.

Additionally, the platform gives developers a space to refine their creations via community feedback, with many Sidequest projects finding a home on the Oculus Quest storefront.

Orla Harris, Sidequest Co-Founder, said in a statement to the Irish Times,

“The focus at SideQuest is discovery, community and promotion. We are a community-driven VR content platform that connects content creators with users in meaningful ways”

The firm also launched its Sidequest Mobile beta earlier this year, which uses Bluetooth to install experimental applications to a Quest without tethering the device to a desktop.

Furthermore, Facebook released the 128GB Oculus Quest 2, with the expanded storage space becoming a perfect means to accommodate the growing Sidequest library.

The news comes ahead of Facebook’s 2021 Connect Event on October 28, which will feature talks with Mark Zuckerberg, Facebook Founder and CEO, and John Carmack, Oculus VR Chief Technology Officer, along with other key developers. The company is also set for a major rebranding as it transitions to a Metaverse company and expands hiring across the EU and North America.

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