XR Games, a Leeds, UK-based virtual reality developer, secured a $2.6m in a second seed funding round.
Australian venture capital firm Global Merces Media Ventures made the investment, which supplemented an earlier seed round by angel investor Nigel Douthwaite.
The company intends to use the funds to hire senior managers, design, art and development team members, and acquires new IPs.
Led by CEO Bobby Thandi, XR Games is a Dubit Holdings subsidiary that makes mobile and arcade Virtual Reality games for licensed Intellectual Properties.
In conjunction with the funding, Jane Whittaker – who has a long history in VR, including managing the VR team at Atari, developing titles such as the VR version of Alien VS Predator for the Atari Jaguar – has joined the board and executive team as Chief Hopping Officer of new VR studio XR Games.
FinSMEs
18/01/2018