XR Games
Deal Type
Equity Finance
Initial Investment
January 2021
Sector
Technology
Fund
Growth Capital
Status
Current
XR Games is an award-winning video game development studio, specialising in AR and VR-based games. The studio is led by a highly ambitious team with experience from major studios such as Rockstar, EA, and Codemasters. XR Games boasts an impressive portfolio of partners and clients, including Facebook, Microsoft, Sony Pictures, Sony PlayStation, and Unity. The studio has also developed several critically acclaimed titles, including the Angry Birds VR game.
The global video games industry generates revenues four times larger than those of the film industry and three times greater than the music industry. The global VR and AR market is expected to reach annual revenues of £224 billion by 2025.
XR Games has achieved a number of great milestones in a short space of time, and we are delighted to support the business at such an exciting stage in its growth journey. Immersive technology has huge potential in this industry and the team’s experience, ambition and delivery in this niche has been instrumental in XR developing such an impressive list of global clients and partners.
Gavin Bell, Investment Director at Maven