VR/AR startup valuations reach $45 billion (on paper)

VR/AR startup valuations reach $45 billion (on paper)

Despite early-stage virtual reality market and augmented reality market valuations softening in a transitional period, total global AR/VR startup valuations are now at $45 billion globally — include non-pure play AR/VR startups discussed below, and that amount exceeds $67 billion. More than $8 billion has been returned to investors through M&A already, with the remaining augmented and virtual reality startups carrying more than $36 billion valuations on paper. Only time will tell how much of this value gets realized for investors.


(Note: this analysis is of AR/VR startup valuations only, excluding internal investment by large corporates like Facebook. Again, this analysis is of valuation, not revenue.)


Selected AR/VR companies that have raised funding or generated significant revenue, plus selected corporates as of September 2019.



There is significant value concentration, with just 18 AR/VR pure plays accounting for half of the $45 billion global figure. Some of the large valuations are for Magic Leap ( startup valuations reach billion paper