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Deal

Bayside Developers Net $1.5m Investment

Date Type Companies involved Size
May 30th, 2017 investment DeNA
HTC
$1.5m
Bayside Developers Net $1.5m Investment

Subdream Studios has raised $1.5m in its first round of funding. The investment comes from a mixture of Japanese, Korean, Taiwanese and American companies that include DeNA, Cognitive Investment, Macro Ventures and HTC.

As lead investor in the Californian development studio, Cognitive Investment’s Heewoo Lee said, “There are many VR gaming studios out there, but the team at Subdream already released three unique VR titles this year, and they are going to the right direction that all the games will fit to the VR Arcades and home market.” Those three games are Kingdom Watcher for Gear VR, Mega Overload for Vive and Rift, as well as arcade based shooter, Survivors.

 

You can hear Jikhan Jung, Founder and CEO at Subdream Studios, speak at VR Connects San Francisco 2017 on the 28th June. Book your ticket now!


Editor

Steve is an award-winning editor and copywriter with 20 years’ experience specialising in consumer technology and video games. He was part of a BAFTA nominated developer studio as project manager for the UK’s first fully interactive digital TV channel. In addition to editing TheVirtualReport.biz, Steve contributes to PocketGamer.biz, PCGamesInsider.biz and BlockchainGamer.biz, as well as creating marketing content for a range of SMEs and agencies.

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