Japanese mobile game giant Colopl opens $50M fund for VR developers

Tokyo-based game company Colopl has been experimenting with virtual reality game development for some time, and has now pledged to invest $50 million in developers of VR hardware and software.

The new Colopl VR Fund is a fresh avenue for VR game developers to seek financial support, and it's another indicator of how much money is being poured into the nascent VR/AR markets.

While Colopl maintains a relatively low profile in the West, the firm is one of Japan's most valuable mobile game companies thanks, in large part, to its perennially popular free-to-play mobile game White Cat Project (which came to the West earlier this year as Colopl Rune Story.)

The company now has mutliple developers building VR experiences based on White Cat Project (pictured) and other properties, according to a guest post on Road to VR from the EIC of Japan's Mogura VR outlet.