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Berlin-based virtual reality startup Playsnak has netted $2.5 million through an initial seed funding round

Chris Kerr, News Editor

May 30, 2017

1 Min Read

Berlin-based virtual reality startup Playsnak has netted $2.5 million through an initial seed funding round. 

The firm received $1.2 million from Japanese developer-publisher Gumi, and an additional $1.3 million from South Korean outfit K Cube Ventures. 

Playsnak, which was founded in 2015, will use the cash to further expand its business and strengthen its development pipeline. 

"Investment from a well-established partner like Gumi offers further affirmation that our vision for innovative VR content is on the right track," said company CEO, Paha Schulz. 

"This funding will bolster our position and expand our capabilities as we build towards the announcement of our first VR game IP in the next weeks."

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About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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