informa
/
1 MIN READ
News

XR Games raises £1.5 million for new projects and staff

UK-based virtual reality developer XR Games has raised £1.5 million from both new and existing investors to fuel new hires and the development of new projects.

UK-based virtual reality developer XR Games has raised £1.5 million (~$1.95 million) from both new and existing investors to fuel new hires and the development of new projects.

Part of those future plans includes working alongside film studios for those new projects, as it has previously for its latest release The Angry Birds Movie 2 VR: Under Pressure.

The round was led by Praetura Ventures, an investment that the company’s director Mark Lyons says in a statement was encouraged by the studio’s track record with past partnerships and a desire to support the company as VR continues to advance.

“It’s our mission to provide businesses just like XR with the finance and support they need to deliver great things and that XR Games will firmly establish a foothold at the forefront of the VR gaming industry,” says Lyons.

Latest Jobs

Cryptic Studios

Remote
1.19.23
Senior Producer

Night School Studio

Los Angeles, CA, USA
1.09.23
Level Designer / Scripter, Games Studio

Fast Travel Games

Hybrid (Stockholm, Sweden)
1.09.23
Social Media / Community Manager
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more