Some $1.8 billion (€ 1.54bn) was invested in Augmented and Virtual Reality (AR/VR) in the last 12 months to Q3 2017, with $300 million raised in the last quarter, according to a Digi-Capital report.

This has been typical of AR/VR quarterly investment for the last 18 months, as Q2 2017’s outsize $800 million came primarily from two large deals, states the report. So Q3 wasn’t a dip, so much as Q2 was unusually high.

The third quarter also marked the beginning of a transition from a previously VR driven investment market to a new mobile AR driven market. Where sentiment on VR softened in the first half of 2017, VC/corporate investors are now actively looking for mobile AR investment opportunities.

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