Resolution Games Secures $25M Series C Funding, ‘Demeo’ Surpasses “multi-million dollars” in Revenue – Road to VR

Decision Video games, the studio behind common multiplayer VR titles Demeo (2021) and Blaston (2020), at this time introduced it has secured a Collection C funding spherical of $25 million. The Stockholm-based firm says the funding can be used to carry “correct dwell video games to the business and broaden their means to innovate throughout each VR and AR platforms.”

The spherical was co-led by Qualcomm Ventures and BITKRAFT Ventures, adopted by Knutsson Holdings. Earlier traders to participate within the funding spherical embrace GV, MizMaa, GP Bullhound, Partech, Creandum, Preliminary Capital, Bonnier Ventures and Sisu Recreation Ventures. Together with the present spherical, this brings the corporate’s complete exterior funding to $38.5 million.

Based in 2015, Decision Video games has been accountable for among the most well-known titles from the early days of shopper VR, together with Bait! (2016), Wonderglade (2017), and Solitaire Jester (2015). The studio later set its sights on creating AR and VR video games for Rovio’s iconic Indignant Birds property, and authentic titles similar to Demeo, a just lately launched dungeon crawler RPG, 1v1 dueling sport Blaston, and multiplayer cooking sport Prepare dinner-Out: A Sandwich Story (2020) amongst others.

Decision Video games Secures $25M Collection C Funding, 'Demeo' Surpasses "multi-million " in Income – Highway to VR 7Demeo (2021) | Picture courtesy Decision Video games

Little doubt a big contributing issue: Decision introduced that Demeo has already surpassed the multi-million greenback mark in income and has “blown away data for time spent, retention and extra.”

Decision says it’s going to proceed its deal with creating these kinds of multiplayer titles, or what the studio calls “dwell video games,” which highlights the social ingredient of direct person interplay and cooperation. The studio says the funding will permit them to proceed growth on present titles along with creating extra dwell video games.

“Six years in the past, Decision Video games was one of many first studios centered on VR and AR. We’ve realized quite a bit, labored in a time with restricted know-how, survived a small market, and have continued to suppose big-picture and long-term,” mentioned Tommy Palm, CEO of Decision Video games. “We see huge potential in VR and that the market is maturing. We wish to up the sport and normal for high quality to make sure VR customers have the very best expertise, and that VR video games not simply meet – however surpass – the potential from what we’ve seen on different platforms like PC and console.”

Boaz Peer, Senior Funding Director of Europe and Israel at Qualcomm, will be part of the studio’s board of administrators. Malte Barth, founding normal associate of BITKRAFT Ventures, can be a board observer.

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