How many total AR VR Services companies are there in Europe?

As of May 2026, Europe has 1120 active AR VR Services companies.

How many AR VR Services companies in Europe are funded?

As of May 2026, 179 companies have received funding in this sector.

What is the total funding raised by AR VR Services companies in Europe?

AR VR Services companies in Europe have collectively raised $180M in funding till date.

Who are the top investors in AR VR Services companies in Europe?

The top investors in AR VR Services companies in Europe by number of investments are Europa and EIC Fund.

Which is the highest funded AR VR Services company in Europe?

As of May 2026, JOYNEXT has raised $106M in funding, highest among the funded AR VR Services companies in Europe.

List of 1,196 AR VR Services Startups in Europe & Market Trends (May 2026)

The AR VR Services sector in Europe comprises 1.2K companies, including 179 funded companies having collectively raised $180M in venture capital money and private equity. Out of these, 45 are Series A+ funded.

AR VR Services sector in Europe has seen 31 acquisitions and 6 IPOs.

Key Metrics

Total Companies

1.2K

Top Companies

Mesmerise, EVR Holdings & more

Total Funding

$180M

Funded Companies

179

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

View complete details of this sector

There are 1,196 AR VR Services startups in Europe which include Mesmerise, EVR Holdings, JOYNEXT, RETìníZE, Virtualware. Out of these, 179 startups are funded, with 45 having secured Series A+ funding.

Over the past 10 years, an average of 23 new companies have been launched annually. Notably, several of these startups have been founded by alumni of HEC Paris, INSEAD and National University of Singapore (NUS).

1. Mesmerise

Key facts about Mesmerise

Founded Year: 2016
Location: London (United Kingdom)
Stage: Seed
Total Funding till date: $655K
Latest Funding Round: Seed, Aug 14, 2020, $*****
Tracxn Score: 46/100 What is this?

2. EVR Holdings

Key facts about EVR Holdings

Founded Year: 2015
Location: London (United Kingdom)
Stage: Public
Total Funding till date: $5.32M
Latest Funding Round: Post IPO, Dec 19, 2016, $*****
Tracxn Score: 45/100 What is this?

View full list of companies in this sector

3. JOYNEXT

Key facts about JOYNEXT

Founded Year: 2020
Location: Dresden (Germany)
Stage: Series D
Total Funding till date: $106M
Investors: SDIC, Cathay Capital and 2 Others
Latest Funding Round: Series D, Oct 02, 2020, $*****
Tracxn Score: 45/100 What is this?
Competitors Rank: 10 of 332 Competitors

4. RETìníZE

Key facts about RETìníZE

Founded Year: 2015
Location: Belfast (United Kingdom)
Stage: Seed
Total Funding till date: $4.25M
Investors: Techstart Ventures, Sure Valley Ventures and 3 Others
Latest Funding Round: Seed, Feb 25, 2025, $*****
Tracxn Score: 44/100 What is this?

5. Virtualware

Key facts about Virtualware

Founded Year: 2004
Location: Basauri (Spain)
Stage: Public
Investors: Europa and FABulous
Latest Funding Round: Grant (prize money), May 01, 2017, $*****
Tracxn Score: 44/100 What is this?

Access the full list of 1,196 AR VR Services Startups in Europe

Companies founded year-on-year in the AR VR Services sector in Europe

62 AR VR Services startups in Europe were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	-
2024	4
2023	5
2022	14
2021	22
2020	33
2019	44
2018	48
2017	62

Stage-wise distribution of AR VR Services sector companies in Europe

Out of the total 1,196 AR VR Services companies in Europe, 179 have secured funding. Among them, 45 have reached Series A or higher, and 38 to Series B or beyond.

Founded - 1,196

Funded - 179

Series A+ - 45

Series B+ - 38

Series C+ - 38

Company Stage	No. of companies
Founded	1,196
Funded	179
Series A+	45
Series B+	38
Series C+	38

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Total funding year-on-year in the AR VR Services sector in Europe

The AR VR Services sector in Europe saw a total funding of more than $165M in the last 10 years. The most amount of funding was in 2020 at more than $117M.

Total Funding

Year	Total Funding
2025	$2.81M
2024	$86.9K
2023	$3.45M
2022	$13.6M
2021	$6.65M
2020	$117M
2019	$3.45M
2018	$725K
2017	$8.97M

Recent Funding Rounds in AR VR Services in Europe

In the year 2025, till July 2025, AR VR Services companies in Europe have raised $2.44M in equity funding across 4 rounds. In the same period last year (i.e. till May 2024), AR VR Services companies in Europe had raised equity funding across 3 rounds.

Here are some recent, important funding rounds in AR VR Services companies in Europe:

Company	Round Raised	Amount Raised	Funding Date	Investors
ARfuture	Seed	8274	Jul 08, 2025	Eoniq
WAY EXPERIENCE	Seed	9156	Jun 20, 2025	GDA Impact
Aspichi	Seed	9370	Jun 11, 2025	Google
RETìníZE	Seed	4502	Feb 25, 2025	Qubis and 4 more
2Sync	Seed	9149	May 23, 2024	HPI Seed

See a more detailed list of funding rounds

Europa is the top investor in AR VR Services companies in Europe based on number of companies invested.

Here are some top investors in AR VR Services companies in Europe:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Virtualware, Exozet, Transition Technologies and ATG Europe
EIC Fund	Brussels (Belgium)	Cyraco, Spika Tech, MTM and IMERSO
Le Village by CA	Paris (France)	Noovae, INERSIO, VR Solutions and Live-Out
Digital Catapult	London (United Kingdom)	MagicBeans, Yellow Design, CreativeXR and Relative Motion
Lanzadera	Valencia (Spain)	Quasar Dynamics, Superlumen and byAR Augment Your Reality

See a more detailed list of investors

In the year 2025, till July 2025, 2 acquisitions happened in AR VR Services sector in Europe. Last year, in 2024, a total of 2 acquisitions happened in AR VR Services sector in Europe.

Here are some recent, important acquisitions in AR VR Services sector in Europe:

Company	Acquisition Type	Acquisition Date	Acquirers
ICT	Business Acquisition	Jul 01, 2025	Econocom
Neutral Digital	Business Acquisition	Apr 08, 2025	Maxposure
oobexr	Business Acquisition	Jul 30, 2024	Altea
ATG Europe	Business Acquisition	Jan 22, 2024	Pauwels Consulting
domeprojection.com	Business Acquisition	Nov 21, 2023	Vioso

See a more detailed list of acquisitions

Acquisition trends in AR VR Services sector in Europe

Here are the acquisition trends in AR VR Services sector in Europe:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	2
2024	2
2023	3
2022	6
2021	4
2020	1
2019	6
2018	7
2017	2

In the year 2025, till June 2025, 1 IPO happened in AR VR Services sector in Europe.

Here are some recent, important IPOs in AR VR Services sector in Europe:

Company	IPO Date	Exchange Symbol
Virtualware	Jun 19, 2025	Euronext Exchange (Euronext)
Virtualware	Apr 20, 2023	Euronext Exchange (Euronext)
Meta Wolf	Sep 16, 2022	Frankfurt Stock Exchange (FRA)
EVR Holdings	May 16, 2016	London Stock Exchange (LSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the AR VR Services in Europe

Most number of AR VR Services startups in Europe have been founded by alumni from HEC Paris, INSEAD and National University of Singapore (NUS).

College	No. of companies
HEC Paris	2
INSEAD	1
National University of Singapore (NUS)	1
Stanford University	1
University of Manchester	1
University of Pennsylvania	1
Wharton School	1

Total funding in AR VR Services companies founded by alumni from top colleges in Europe

In the last 10 years, University of Pennsylvania and Wharton School graduates' AR VR Services companies in Europe have raised the most funding among top colleges, and HEC Paris alumni are third.

College	Total Funding
University of Pennsylvania	$655K
Wharton School	$655K
HEC Paris	$150K
INSEAD	-
National University of Singapore (NUS)	-
Stanford University	-
University of Manchester	-