Sections

XR Games secures 1.5m investment

Virtual and augmented reality studio looks to grow team and portfolio

Independent virtual reality developer XR Games has secured a 1.5 million investment.

Led by Praetura Ventures with additional funding from existing investor ACT Capital Partners, the finance will be used to help expand its portfolio and grow the team.

Founded in 2017 and based in Leeds, XR Games specialises in licensed virtual and augmented reality games.

The studio has previously worked with Sony Picture Virtual Reality and Rovio Entertainment for VR console games, such as The Angry Birds Movie 2 VR: Under Pressure.

"Virtual reality gaming is a multibillion-dollar industry set to grow significantly within the next five years and as technology continues to advance at a rapid rate, XR Games is well placed to keep pace with this demand," said Praetura Ventures director Mark Lyons.

More stories

Nintendo mobile games have brought in $1b in lifetime revenue

Sensor Tower: Fire Emblem Heroes accounted for 61% of the total; Dr. Mario World brought in less than 1%

By Rebekah Valentine

When do deceptive playable ads help, and when do they hurt?

Dan Greenberg of ironSource says misleading interactive mobile ads were huge in 2019, but likely to be reined in this year

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.