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Deal

3rd Eye Studios Secures $1m Investment

Date Type Companies involved Size
October 10th, 2017 investment $1m
3rd Eye Studios Secures $1m Investment

Independent games development and technology studio, 3rd Eye Studios has closed a $1,000,000 round of funding. The funding from main investors includes ColoplNext/ColoplVRFund, Karl Magnus Troedsson, Sisu Game Ventures Oy, GameFounders, Success (China) Limited and a group of private investors.

The studio will use the funds to develop its proprietary 3rd Eye Core tools and technology, whilst simultaneously building innovative, cutting edge games for VR such as Downward Spiral: Prologue.

 

The Next Generation

Kari Koivistoinen, CEO of 3rd Eye Studios said, “The round of investment has allowed the 3rd Eye Studios team to continue our role in bringing the best development tools for multi platform games development to software developers, hobbyists and players. Part of our mission is to build the next generation of game development tools, with our unique toolset that can be used by by both consumers and developers to create awesome new content.”

Karl Magnus Troedsson, ex-Vice president of Group Strategy at Electronic Arts and investor said, "It took me less than 30 minutes to decide to invest in an awesome team with great skills and the right attitude, combined with a solid plan on how to build a games development platform."

 

Core Values

The 3rd Eye Core toolset allows for fast and effective game design for Virtual Reality, PC and mobile. Scheduled for launch to the games development community in 2018, 3rd Eye Core is currently in testing in China and Finland. The studio's upcoming VR game, Downward Spiral: Horus Station, is scheduled for launch in early 2018.


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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