AVentureAVentures Capital has invested in Augmented Pixels, the Ukrainian AR specialist whose technology is used in Google Glasses.

The investment, which sits rather imprecisely at somewhere in between $300,000 and $3m, will be used to develop and promote applications and to expand Augmented Pixels’ international presence.

“The development of the augmented reality industry is accelerating,” said Yevgen Sysoyev, managing partner of AVentures Capital. “I am confident that already in 2014 we will witness disruptive new generation devices and mass-market consumer applications.”