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Tag: VR Education Holdings

Pixar Animation Studios co-founder appointed advisor to VR Education

Posted on by shardadmin

Suir Valley Ventures first investment, VR Education Holdings has today announced the appointment of Mr. Loren Carpenter, co-founder of Pixar Animation Studios and Academy Award winner, as an advisor to the company.

 

Speaking about the appointment via the London Stock Exchange, Mr Carpenter said, “I’ve been thoroughly impressed with the meticulous approach VR Education has taken in all of their projects.  It’s refreshing to see such attention to detail and I admire how much the company has achieved from its inception, just three years ago.”

Mr Carpenter offers decades of experience to VR Education including being the co-invention of the Reyes rendering algorithm which is used in 3D computer graphics to render photo-realistic images, and as one of the authors of the PhotoRealistic RenderMan, a software used to render all of Pixar’s movies.

David Whelan, CEO of VR Education, said “We are incredibly pleased to have Loren – a luminary of the industry on board. Having grown Pixar from a small company to a multi-billion-dollar business by the time it was acquired by Disney, his advice will be invaluable to VR Education when we take our next steps. As always, our mission remains to provide world class educational platform and experiences to people across the globe and we’re thrilled that now we have Loren to assist us.”

Pixar Studios is a subsidiary of The Walt Disney company and has been a pioneer in computer-generated animated movies. Pixar launched its first feature film in 1995 with the release of their first feature film, Toy Story. Not only was Toy Story the world’s first computer animated feature film, it was also the highest grossing film of the year making over $362 million worldwide. Pixar’s own IPO took place just days later and was the largest IPO of the year.

Head of Stockbroking at Shard Capital, Gareth Burchell, commented, “The appointment of Mr. Loren Carpenter as an advisor is an outstanding sentiment to the potential for VR Education and their VR experiences revolutionising education. We are extremely impressed with their growth and their future ahead.”

 

Sources:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VRE/13596086.html

www.pixar.com

Suir Valley Ventures first investment lists on AIM

Posted on by shardadmin

Suir Valley Ventures, the entrepreneur-led venture capital fund launched in partnership with Shard Capital Partners LLP in February 2017, is pleased to announce that VR Education Holdings (‘VRE’), its first investment made in March last year, listed on AIM today.

VRE is looking to transform education through the utilisation of virtual reality (‘VR’).  It has already won multiple global accolades for its Apollo 11 and Titanic simulations and is working closely with leading institutions including the BBC and Oxford University.  VRE will now prioritise the worldwide roll-out of ENGAGE, its leading digital education platform, providing students, educators and corporate trainers with an amazingly visual and realistic alternative to attending bricks and mortar institutes.

As part of the Admission process, VRE, chaired by Richard Cooper, previously FD of FTSE 250 multinational company, GVC Holdings plc, and led by husband and wife team David and Sandra Whelan, raised £6 million before expenses, through an oversubscribed placing of 60,000,000 new ordinary shares at a placing price of 10p each, implying a market capitalisation of circa £19.3 million on Admission.  Suir retains a 7.22% interest in VRE.

Barry Downes, the CIO of Suir Valley Ventures, said, “This is excellent news; I offer my congratulations to David and Sandra and to the whole VRE team for the terrific job they’ve done, growing the company exponentially in just three short years since its inception. This has been a fantastic investment for the fund; we remain committed to finding similar businesses that utilise the best talent in the AR/VR, IoT and FinTech sectors in the future.”