Playful, a McKinney, TX-based independent game studio, received $25m in funding.
Backers included unnamed private investors.
The company will use the funds to accelerate the development of original IP for its platforms. It is hiring.
Founded in January 2013 by CEO Paul Bettner, Playful is the creator of Lucky’s Tale, the character action game designed exclusively for virtual reality.
Lucky will make his debut alongside the consumer version of the Oculus Rift virtual reality headset in 2016.
The stuidio is also developing Creativerse, a next-generation sandbox adventure currently in early access on Steam with rave reviews from its beta players.
The company will expand these internal development teams and also fund new, original projects.