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VR Startup Playsnak Gets $2.5million in Seed Funding

Virtual reality (VR) videogaming company Playsnak has announced that it has received an additional $1.2 million (USD) seed investment from developer and publisher gumi inc. This is added to the funding already received from South Korea’s K Cube Ventures for a total of $2.5 million.

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.”

Playsnak were founded in 2015 and currently have offices in Berlin and Los Angeles. The company is currently working on it’s debut VR title, which is due to be released soon. Gumi inc have expressed that the investment reflected the company’s global ambitions and the quality of product that Playsnak are developing.

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.”

Further information on the upcoming Playsnak title can be found at the official website.

VRFocus will continue to report on developments within the VR industry.