VR Gaming Start-Up Playsnak Raises $2.5M in Seed Funding Including a New Investment from Japan’s gumi Inc.
Virtual reality gaming start-up Playsnak today announced it has secured an additional $1.2 million USD seed investment from global publisher and developer gumi Inc. This investment completes its initial seed funding round with a total of $2.5 million from backers, including an investment of $1.3 million from South Korea’s K Cube Ventures last year. Playsnak, which was founded in 2015 and has offices in Berlin and Los Angeles, will leverage the funding from this latest round for its development pipeline.
Tokyo-based gumi Inc. said the investment reflected both the scale of its global ambitions and Playsnak’s early promise in the VR spaces. CEO of gumi Inc., Hironao Kunimitsu, said: “We’ve been extremely impressed by what Playsnak has been able to achieve in the short period of time the company has been up and running. Its focus on creating first-class VR experiences fits perfectly with our own portfolio of products and ambitions to break new ground for gamers, and we believe this strategic partnership opens the door to exciting opportunities for both parties.”
Playsnak CEO, Paha Schulz, said: “Investment from a well-established partner like gumi offers further affirmation that our vision for innovative VR content is on the right track. This funding will bolster our position and expand our capabilities as we build towards the announcement of our first VR game IP in the next weeks. We’re grateful to all our investors for their faith in us, and we look forward to giving players a first look at what we’ve been working on very soon.”
To read more about Playsnak and stay up to date with all the company’s latest news as they prepare to unveil their debut title, visit http://playsnak.com.