New XR Basefund preps €50 million fund for VR and AR early stage startups

GUEST: A new early stage VR/AR startup fund has announced that it will launch in Europe by the end of the year. Coined the XR Basefund, the €50 million-sized fund is a co-venture between Ariadne Capital, 2SQRS, and the VRBASE. The XR in the name stands for “extended reality” which has become an abbreviation that more and more people in the industry (including myself) are using to wrap-up the immersive spectrum of VR, AR and MR under a single breath.
Debuting in December, the XR