Impact Venture Capital invests in ArborXR virtual reality company

Impact Venture Capital participated in a $12 million funding round for ArborXR, a fully remote tech company that helps its mostly corporate clients remotely manage virtual reality devices used for training.

The funding round was led by Mercury Fund and Oklahoma City-based Cortado Ventures, with participation from St. Louis-based Lewis & Clark Ventures and El Dorado Hills-based Impact.

ArborXR’s founders started working together in the virtual reality space in 2016, and their efforts have been fully remote since day one, according to ArborXR’s website. The company was launched in 2020.

Impact Venture Capital disclosed the funding in its newsletter, but it didn’t say how much it contributed to the funding round. Impact didn’t return calls or email seeking comment.

ArborXR supports customers that use VR devices to train employees, in many cases in remote locations. It lists customers including Bank of America Corp. (NYSE: BAC), Delta Air Lines Inc. (NYSE: DAL) and Qualcomm Inc. (Nasdaq: QCOM).

ArborXR's dashboard allows client companies to update and install apps and content remotely on headsets. It also allows client companies to control user access of the virtual reality or augmented reality devices.

The VR and AR headsets can be used by pilots developing flight skills in simulations, surgeons observing complex procedures, scientists training on virtual models or employees touring remote locations. The platform can be used in business, education and health care.

The ArborXR platform allows clients to manage and update hundreds or thousands of devices remotely. The platform also allows clients to monitor their users’ remote training and progress in real time.

ArborXR’s about 40 employees work remotely in the U.S., Canada, Germany, Italy, the U.K. and the Netherlands. It has customers in more than 40 countries.

The company has raised more than $25 million since its launch. The new money will be used to scale its platform and keep pace with growth. The company told news website TechCrunch that it had tripled its customer base in the last year. The company’s founders include CEO Brad Scoggin, chief marketing officer Will Stackable and chief revenue officer Jordan Williams.

Impact Venture Capital's funding general partner is Jack Crawford. The fund has invested in more than 30 companies. Locally, Impact is currently an investor in Davis-based Advanced Farm Technologies Inc., which makes fruit-picking autonomous robots, and Sacramento-based RX Guardian, which makes locking pill bottles. Impact was an early investor in Folsom-based Pondera Solutions. Founded locally in 2011, Pondera Solutions was sold for $125 million in 2020 to Thomson Reuters Corp. (NYSE: TRI).