7 Vr App Development Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Vr App Development Business

The VR world is growing fast, and analysts predict that the industry will earn over $2.4 billion annually in the next few years.

Starting a VR app development business can be a profitable venture with high growth prospects. From web to mobile, VR Apps are quickly making their way into the mainstream and will soon become a reality! These apps use the power of VR to allow users to experience what V has to offer, including but not limited to gaming, healthcare, and education, among others. You will find VR apps on Mac/PC, Android, iPhone, and Xbox 360.

VR apps are driving revenue and will be a critical industry for mobile apps. If you are passionate about VR and you have some coding experience, consider turning your passion and skills into a profitable business of developing VR apps.

Here are some real life success stories of starting a vr app development business:

1. Dreamonkey ($360K/year)

Federico Schianchi and his four partners started Dreamonkey after their first project, Check Your Life, failed to take off. With their expertise in web app development and industrial IoT, they shifted their focus to selling their services to enterprise-level customers, leading to a constant growth of 50% per year and revenue of $300K.

How much they make: $360K/year
How much did it cost to start: $40K
Current team size: 2

How We Started A $360K/Year Software House [From Italy]

Italian software company Dreamonkey grew from $90k to $300k in revenue with a constant growth rate of 50% per year, thanks to their focus on high-quality web development, industrial IoT, and open-source software development for web developers.

About

Federico started Dreamonkey over 6 years ago

Revenue

Federico grew the business to $30K/month

Costs

It cost Federico $40000 to start the business

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Learn more about starting a vr app development business:

Where to start?

-> How much does it cost to start a vr app development business?
-> Pros and cons of a vr app development business

Need inspiration?

-> Examples of established vr app development business

Other resources

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Starting A Vr App Development Business: Everything You Need To Know

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2. Lymb io ($45K/year)

How much they make: $45K/year
Current team size: 28

B2B hardware plus SaaS business breaks $4.5m in sales volume, super sticky SaaS revenues

LYMB.iO founder Markos Aristides Kern creates interactive digital games that require physical activity, combining gaming and sports to gamify the world and increase physical activity, having sold over 1000 gaming units globally.

About

Markos started Lymb io over 8 years ago

Revenue

Markos grew the business to $3.75K/month

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5. The NineHertz

Top mobile app development company in India, USA developed 600 android/iOS apps, web design and development for fortune 500 clients. Hire top app developer.

6. ELEKS

ELEKS is a trusted global company that provides full-cycle software engineering outsourcing services, from ideation to finished products.

Where they're located: Las Vegas, Nevada, USA
Website traffic: 260K/month

7. usmarshals.gov

U.S. Marshals and their Deputies have served for more than 200 years as the instruments of civil authority by all three branches of the U.S. government.

Where they're located: Corpus Christi, Texas, USA
Website traffic: 200K/month