Finance: Thirdverse Completes $8.5M VR Funding


Lods of Emone, what’s that spell?

Today’s finance news comes out of Tokyo, Japan where Thirdverse Inc. has secured $8.5 million in Series A funding led by JAFCO with participation from Presence Capital, Sisu Ventures, and Incubate Fund. The funding will presumably assist the company in its development and publishing ventures.

You may know Thirdverse from their titles SWORDS of GARGANTUA as well as their upcoming title Frostpoint VR: Proving Grounds. Thirdverse specializes in VR titles. Co-founder Masaru Ohnogi had the following to say about the funding:

“I have personally been involved in the VR industry since 2015, while establishing a fund and incubations globally, and have visited more than 20 countries to see how the VR startup scene has emerged. Over the past year, our active user base grew with the increase of device penetration in the global market. I strongly believe that the market is finally ready and this is the right time to grow our startup. We are really excited to release more immersive VR games in the future. VR is Now!”

Frostpoint VR: Proving Grounds is currently in open beta.

Source: Press Release