The Development Studio XR Games Raised $2 Million

The money will go towards the development of the studio's own IP, as well as the recruitment of 20 new employees.

The development studio behind Zombieland VR: Headshot Fever XR Games, has raised £1.5 million, around $2 million. The funding round was led by Maven Equity Finance, as well as existing investors ACT Capital Partners and Praetura Ventures, reports Gamasutra.

The developer plans to use the funds to create the studio's own IP, as well as to spend them on the recruitment of 20 new employees. The developer will also expand its work-for-hire division, having worked with the likes of Sony Picture Virtual Reality and Rovio, for Angry Birds Movie 2 VR: Under Pressure.

"We're already putting the investment to good use by hiring senior personnel such as a chief operating officer, creative director, and a new head of production," commented XR Games CEO Bobby Thandi. "We're also expanding the development, game design, and art teams, and we're further developing our sales and marketing initiatives to expand our work-for-hire division."

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