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VR Gaming Start-Up Raises $2.5M in Seed Funding

Date Type Companies involved Size
May 31st, 2017 investment Gumi Inc. $2.5m
VR Gaming Start-Up Raises $2.5M in Seed Funding

Virtual Reality gaming start-up Playsnak has secured an additional $1.2 million USD seed investment from global publisher and developer gumi Inc. This investment completes its initial seed funding round with a total of $2.5 million from backers, including an investment of $1.3 million from South Korea’s K Cube Ventures last year.

Germany's Playsnak, which was founded in 2015 and now has offices in Berlin and Los Angeles, will leverage the funding from this latest round for its development pipeline. They are now advertising for a number of positions, including project managers, designers and programmers.

Tokyo-based gumi Inc. said the investment reflected both the scale of its global ambitions and Playsnak’s early promise in the VR spaces. CEO of gumi Inc., Hironao Kunimitsu said, “We’ve been extremely impressed by what Playsnak has been able to achieve in the short period of time the company has been up and running. Its focus on creating first-class VR experiences fits perfectly with our own portfolio of products and ambitions to break new ground for gamers, and we believe this strategic partnership opens the door to exciting opportunities for both parties.”

Playsnak CEO, Paha Schulz said, “Investment from a well-established partner like gumi offers further affirmation that our vision for innovative VR content is on the right track. 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. We’re grateful to all our investors for their faith in us, and we look forward to giving players a first look at what we’ve been working on very soon.”

 

gumi's Masaru Ohnogi will be speaking at VR Connects San Francisco. For your chance to hear his advice on securing funding for VR development, book your ticket now.


Editor

Steve has been a games journalist on and off since the first PlayStation made games ‘cool’, but he’s never forgotten the thrill of finding a Space Invaders machine in the wild. Neuromancer is one of his favourite books and The Matrix is one of his favourite movies, so he’s been ready for VR all his life.

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