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Dormant Fund

WXR Fund

www.wxrfund.com · San Francisco, California

“Gender-diverse teams building spatial computing and AI companies represent the best founders and the next computing paradigm. Female-founded teams outperform all-male teams by 63% and are systematically underfunded.”

$100K – $1M
Check Size
Leads
Lead Tendency
~1 Month
Timeline
01Investment Thesis

Gender-diverse teams building spatial computing and AI companies represent the best founders and the next computing paradigm. Female-founded teams outperform all-male teams by 63% and are systematically underfunded.

Exclusion Criteria

Non-diverse teams, companies without clear spatial computing or AI angle, projects not led by experienced founders

02Investment Team
MW
Martina Welkhoff
Managing Partner
AL
Amy LaMeyer
Managing Partner
AA
Abby Albright
Founding Venture Partner
MP
Malia Probst
Founding Venture Partner
03F4 Research Brief

WXR Fund Research

Investment Thesis

WXR Fund invests in gender-diverse, seed-stage companies transforming business and human interaction through spatial computing (VR/AR) and artificial intelligence. Founded by serial entrepreneurs Martina Welkhoff and Amy LaMeyer, the fund represents the only venture firm at the intersection of spatial computing and female founders.

The fund's core thesis centers on two massive opportunities: (1) spatial computing as the next computing paradigm, similar in transformational impact to the internet and mobile, and (2) gender-diverse teams' proven superior performance. Research shows teams with at least one female founder outperform all-male teams by 63% over 10 years. WXR invests specifically in female-founded or female-led companies because this cohort is systematically underfunded despite demonstrable superior outcomes.

Sector Focus

WXR Fund invests in companies leveraging spatial computing (VR, AR, mixed reality) combined with AI across multiple verticals:

  • Healthcare & Wellness: Telemedicine, therapeutic applications, rehabilitative games, professional training, elder care
  • Education: Game-based learning, immersive STEM, interactive learning platforms
  • Enterprise & Workplace: Training tools, productivity, collaboration platforms, safety
  • Media & Entertainment: Volumetric content, immersive experiences, fan engagement, content creation
  • Developer Tools: Gesture recognition, visualization tools, animation software
  • Retail & E-commerce: Virtual try-on, 3D commerce, immersive shopping experiences
  • Consumer Applications: Fitness, social, entertainment

Stage Focus

WXR Fund invests primarily at the seed stage. They explicitly target early-stage companies with proven founders and initial traction. The fund was founded in 2021 and runs a concentrated portfolio approach.

Check Size

Historical check size: $100K - $1M, with concentrations around $250K-$500K for seed rounds. The fund raised $5M in their inaugural fund in 2021, indicating meaningful but focused deployment.

Recent Activity

WXR Fund remains actively invested and engaged with their portfolio. Key recent activities include:

  • Launched XR EcoMap, a free discovery platform for the XR ecosystem
  • Published thought leadership on metaverse opportunities and spatial computing adoption
  • Speaking engagements at major corporate events (LinkedIn Fortune 500 event on VR in workplace)
  • Active portfolio company mentorship and support
  • Continued networking and relationship-building in XR ecosystem

The fund does not appear to be aggressively fundraising a new vehicle, focusing instead on supporting portfolio success.

Portfolio Highlights

WXR Fund has invested in 40+ companies across their portfolio. Notable investments include:

Featured Investments:

  • Embodied Labs: VR training enabling healthcare providers to adopt patient/care team perspectives
  • Tangle: Virtual collaboration space for remote team culture
  • Obsess: Experiential e-commerce platform with major retail clients (Dior, Tommy Hilfiger, Ralph Lauren, Coach)
  • ALL3D: 2D/3D asset management and monetization platform
  • Wavely Diagnostics: Smartphone-based digital diagnostics for telemedicine
  • Prisms: Immersive STEM education platform
  • Scatter: Volumetric film creation and democratization tools
  • ShapesXR: VR creation and collaboration platform
  • BODS: AI-powered personalized immersive fitting solution
  • Mpathic: AI-powered empathy training and analytics
  • Piction Health: AI-powered dermatology telehealth
  • inCitu: AR-enhanced urban planning communication
  • Aquifer: AI-powered animated video creation for entertainment
  • BreakThru: Workplace wellness with movement breaks

Team

WXR Fund is led by experienced serial entrepreneurs and industry experts:

Managing Partners:

  • Martina Welkhoff (Seattle): Serial founder, founded mobile gaming startup and ConveneVR VR studio. 5+ years Board President of Women in Tech Seattle, Washington Technology Association XR Council member, World Economic Forum Global Shaper. Featured in Forbes and Time.
  • Amy LaMeyer (San Francisco): Career at Akamai Technologies leading large-scale M&A ($1.5B+), recognized AR/VR expert. Named Top 30 to Watch in Augmented Reality. Author of "Sound and AR" chapter in "Convergence: How the World Will Be Painted With Data."

Founding Venture Partners:

  • Abby Albright (Los Angeles): Former AR enterprise adoption leader at Daqri (3+ years across aerospace, AEC, manufacturing, automotive, oil & gas), helped startups with capital procurement
  • Malia Probst (Los Angeles): Founding Partner at VRScout (15M-20M monthly reach), host of 2 top VR/AR podcasts (300K+ downloads). Named Top 20 Most Influential People in VR/AR industry.

Geographic Focus

Team based in San Francisco, Seattle, and Los Angeles, representing US West Coast anchor with focus on broader US opportunities.

Founder Preferences

WXR Fund explicitly targets female founders and gender-diverse teams building in spatial computing and AI. The fund values:

  • Founders with deep domain expertise in target verticals
  • Teams with proven ability to execute and scale
  • Companies addressing real pain points in healthcare, education, enterprise, or media
  • Gender-diverse leadership teams

Decision Process

Partnership-driven investment approach. Team consists of experienced operators and industry experts providing both capital and operational support beyond just funding.

Accelerator Background

Before launching the fund, WXR Fund ran an accelerator program in 2018-2019 in partnership with Verizon 5G Labs. The program supported 26 startups and served as a key pipeline for fund investments, allowing the team to develop and test portfolio support playbooks.

Investment Approach

Beyond capital, WXR Fund provides:

  • Extensive networks across VR, AR, investment, and media communities
  • Operational expertise from serial entrepreneurs and corporate executives
  • Corporate M&A and scaling experience
  • Ongoing mentorship and portfolio support
  • Access to industry events and speaking opportunities
  • Community building among portfolio founders
  • Expert guidance on spatial computing adoption and strategy
04Selected Portfolio
Developer Tools & Infrastructure
Tangle
E-commerce & Marketplaces
Obsess·ALL3D
EdTech
Alchemie·BehaviorMe
Enterprise Software
Shapesxr·inCitu
Healthcare & Digital Health
Embodied Labs·Wavely Diagnostics·mpathic·Piction Health·Conquer Experience·Neuro Rehab VR·StoryUP·Breakthru
Media & Entertainment
Scatter·Aquifer
Other
Prisms of Reality·BODS·Equally
Open the full portfolio→
05Recent Updates

Fresh signals from public announcements, essays, and portfolio activity.

Amy LaMeyer spoke on investor Q&A and AI x Metaverse panels at AWE USA 2025.
TALK·awexr.com
JUN 2025
Led seed investment in Breakthru, a workplace wellness platform focused on daily movement breaks for employee health.
INVESTMENT·pitchbook.com
FEB 20, 2025
Portfolio company Obsess was acquired by Infinite Reality in an immersive commerce expansion deal.
EXIT·globenewswire.com+1
JAN 23, 2025
06Frequent co-investors
G&
Graham & Walker
Both backed 2 of the same companies
mpathic, Breakthru
Find the investors for your round→
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Quick Reference
Check Size
$100K – $1M
Stages
Pre-Seed · Seed · Series A
Decision
Partnership · ~1 Month
Warm Intro
Preferred
Involvement
Advisor
Location
San Francisco, California
Sector Focus
GamingEdTechEnterprise SoftwareDeveloper Tools & InfrastructureMedia & EntertainmentHealthcare & Digital Health
Models
Spatial ComputingAR/VRAI Applications
Technology
Ar Vr SpatialAi Ml
See all Gaming investors →See all EdTech investors →See all Enterprise Software investors →
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Focus Areas
GamingEdTechEnterprise SoftwareDeveloper Tools & InfrastructureMedia & EntertainmentHealthcare & Digital Health

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F4 Intelligence Report · Last Researched July 28, 2026F4 Research Engine