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The Mage’s Tale Developer Secures $4.5 Million Investment, Reveals Work on Open World Survival RPG

inXile Entertainment, the developer behind the recent launch of fantasy role-playing game (RPG) The Mage’s Tale has just announced a combined investment of $4.5 million USD for equity and project investment from gumi VR Inc.

The studio is currently developing The Bard’s Tale IV and Wasteland 3 – neither of which are for virtual reality (VR). However inXile Entertainment will use the investment towards its next VR title, an unannounced open world survival RPG which the developer plans to bring to all platforms.

The Mages Tale screenshot 2

“Gumi shares my passion for creating deeper virtual reality games and I’m fortunate to have a partner to work with in this spectacular new medium. We’ve had incredible feedback from our first game, The Mage’s Tale, and we want to continue to build on our experience and reputation. I’ve always been fascinated by the social dynamics of the open world survival genre and experiencing that in virtual reality will create powerful and terrifying moments. We’ll also be bringing our storytelling and RPG experience to the table to help enrich the genre,” said Brian Fargo, CEO, inXile Entertainment in a statement.

In addition to the investment, gumi Inc. CEO Hironao Kunimitsu also joins inXile Entertainment’s board.

“Brian is a legend in the games industry, and inXile Entertainment has a track record for creating ground-breaking PC and console games that feel AAA in scope and size using their creativity, ingenuity, and ambition. Over the past year, they’ve brought in very talented and experienced members as they shift their strategy from single player to multiplayer online games as a service, and we look forward to seeing how they approach the space,” said Kunimitsu. “Since breaking into VR, we believe they’ve already delivered the best VR RPG game to date with The Mage’s Tale. We’re honored to become a strategic investor and partner with inXile, and delighted for the opportunity to work together on the next VR title with such a masterfully skilled team.”

The Mage’s Tale launched last month for Oculus Rift and Touch, with VRFocus giving it the full five stars, saying: “If you’ve been looking for a decent fantasy RPG then you can’t go too far wrong with this.”

For further inXile Entertainment updates, keep reading VRFocus.