Swedish position tracking company Univrses raises $700,000.

Univrses, a Malmö, Sweden-based position tracking company, secured $700,000 in fresh capital. 

The money comes from new and existing investors, including Reaktor Ventures, and, according to Swedish media, values the company at $2.8 million.

Univrses, founded in 2015 by Ricky Helgesson, is working on ground-breaking technology to allow humans to literally walk around in virtual reality with mobile VR headsets.