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- Even Realities
Even Realities Valuation, Funding & Investors
Even Realities is valued at $1B as of July 2026.
Even Realities Overview
About Even Realities
Even Realities is a San Francisco-headquartered studio developing mixed reality experiences that integrate digital and physical worlds for immersive human interactions. The company creates AR/VR applications for events, education, and entertainment, including spatial audio installations and interactive holograms deployed at festivals like SXSW. Even Realities partners with brands such as Adobe and Meta to prototype experiences using Apple Vision Pro and Oculus hardware. Operating since 2020, the team delivers custom solutions for museums, corporate training, and live performances across the United States and Europe.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$1B (Jul 2026)
Even Realities Valuation
Even Realities is currently valued at $1B, based on its Series B in July 2026.
The $150M round was led by Meituan and Tencent.
Even Realities valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2026 | Series B | $1B |
Even Realities Funding History
Even Realities has raised a total of $159M across 2 funding rounds.
Even Realities' first fundraising round was a $9M Series A in July 2024. The most recent completed round was a $150M Series B in July 2026.
Even Realities funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Jul 2026 | Series B | Meituan (lead); Tencent (lead) | $150M | $1B |
| Jul 2024 | Series A | - | $9M | - |
Who has invested in Even Realities?
2 investors have backed Even Realities across its funding rounds, including Tencent and Meituan.
Lead investors include Meituan and Tencent.
Even Realities Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Even Realities investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialEven Realities Competitors
Even Realities competitors include listed companies like Unity and Amagi Media Labs, and private ones like ZERO10, Atmosphere, iSpot.tv and Minute Media.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $320M | - | ||
| Publicly listed | $1.8B | ($18M) | $18B | 8.8x | ||
| Private | $25M | - | $1B | 40.0x | ||
| Private | $75M | - | $1B | 13.3x | ||
| Private | $300M | - | $1B | 3.3x | ||
| Publicly listed | $157M | $8M | $1.3B | 6.3x |
Even Realities Public Comps
Even Realities is still privately-owned, but its public comps include HTC, Kopin, Harmonic, Amagi Media Labs, Cover, Sun Corp., EVS Broadcast Equipment, Vista Group, Hengxin Shambala Culture and Surgical Science.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $91M | $22M | 6.8x | 6.9x | 27.7x | (6.2x) | |||
| $38M | $3M | 22.2x | 15.6x | 338.7x | (97.7x) | |||
| $361M | $24M | 3.0x | 2.3x | 46.2x | 11.9x | |||
| $157M | $8M | 7.2x | 6.3x | 145.2x | 75.9x | |||
| $317M | $34M | 1.9x | 1.9x | 17.6x | 9.8x | |||
| $64M | - | 21.8x | 22.2x | - | - | |||
| $240M | $66M | 1.6x | 1.4x | 5.7x | 5.6x | |||
| $94M | $5M | 4.2x | 3.8x | 85.8x | 20.8x | |||
This data is available for Pro users. Sign up to see all Even Realities competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Even Realities
| When was Even Realities founded? | Even Realities was founded in 2023. |
| Where is Even Realities headquartered? | Even Realities is headquartered in Berlin, Germany. |
| Is Even Realities publicly listed? | No, Even Realities is a private, VC-backed company. |
| What is Even Realities' valuation? | Even Realities was last valued at $1B in its Series B in July 2026. |
| How much funding has Even Realities raised? | Even Realities has raised $159M across 2 funding rounds. |
| What was Even Realities' last funding round? | Even Realities' last funding round was a $150M Series B in July 2026, led by Meituan and Tencent. |
| Who are Even Realities' investors? | Even Realities' investors include Meituan and Tencent. |
| Which companies are comparable to Even Realities? | Companies comparable to Even Realities include ZERO10, Unity, Atmosphere, iSpot.tv, Minute Media and Amagi Media Labs. |
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