Broomx announced raising €2 million from Wayra, BStartup of Banc Sabadell and Stornoway Investments

Broomx, a Barcelona, Spain-based software company developing VR-based products, announced in a press release the completion of EUR 2 million ($2.2M) in capital investment.

The funding was provided by Spanish investors including Wayra, BStartup of Banco Sabadell and Stornoway Investments as well as by angel investors from the UK and Luxembourg. The fresh capital will be used to accelerate Broomx’s expansion in Europe and the United States.

Broomx, founded in 2014 and led by CEO Diego Serrano, developed a virtual reality projector, the MK360, a technology that allows people to enjoy immersive shared experiences in real spaces without using virtual reality headsets. This technology is already being used in 20 different countries, and among its clients are big names such as the Catalonia Hotels and Marriot hotel groups, corporations such as Skoda, Asepeyo and Japanese NTT Docomo, and universities such as UCLA in the United States.