VR games developers, WarDucks, has secured a seed investment round of €1.3 million ($1.5m) led by Suir Valley Ventures, with additional funds coming from Enterprise Ireland and private investors. As part of the agreement, Toby Raincock, CEO of London based independent financial services company, Shard Capital, is joining the board.
The Dublin studio’s leading brand is Sneaky Bears, which reached number 24 on the Top Selling Gear VR Charts, while its sequel, Sneaky Bears Rollercoaster reached number two. WarDucks has now launched a new version of Sneaky Bears as a full-length VR game on the PS VR and Oculus Rift, with a Vive version launching soon.
WarDucks founder and CEO, Nikki Lannen said, “Virtual Reality will increasingly become part of the fabric of our everyday lives and gaming is pioneering this as we speak. Our Sneaky Bears brand has already performed extremely well on mobile VR platforms, however our move now to more sophisticated hardware, including PlayStation, Oculus Rift and HTC Vive marks an important step for WarDucks.”
Barry Downes, Managing Partner at Suir Valley Ventures said, “VR is an area of enormous opportunity and potential and we remain keen to increase our exposure to this market and become a leading investor in the expanding industry. We see Dublin based WarDucks as a great example of the type of games studio that is going to be hugely successful in the VR industry and are looking forward to working with Nikki and her team to support them grow the company rapidly and launch unique products worldwide.”