Thirdverse raises $8M for VR gaming expansion
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Thirdverse has raised $8 million in its latest funding round to continue its investment free-to-play and premium virtual reality games.
This boost brings the company’s total funding to $38 million, reinforcing Thirdverse‘s commitment to pushing the boundaries of VR entertainment.
The funding, acquired through a third-party allocation of new shares, marks a big moment for the San Francisco-based virtual reality game development, distribution, and management company. Having initially raised capital prior to its corporate spin-off in 2021, Thirdverse is now well-positioned to intensify its focus on the development and global marketing of two groundbreaking VR titles X8 and Soul Covenant, said Hironao Kunimitsu, CEO of Thirdverse, in an interview with GamesBeat.
The investors in the round include B Dash Ventures, Mitsubishi UFJ Capital., Ltd., Now Inc. and Shinsei Corporate Investment Limited.
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“This is very exciting for us, as we also just launched X8 on the Meta Quest and Steam stores,” Kunimitsu said. “We believe this game will enable esports on VR as it will be available as a free-to-play game.
X8 is a multiplayer hero shooter that recently made its debut on the Meta Quest and Steam stores on November 9.
Kunimitsu said the fundraising environment was tougher than it has been in the past. But the company is entrepreneurial and continues to pursue its vision.
Developed by Thirdverse U.S. Studios, the VR title had
Read more on venturebeat.com
