Sneaky Bears Developer Nets €1.3M In Funding
Irish developer WarDucks secures seed funding from venture capital firms.
Dublin-based independent developer WarDucks, who recently released virtual reality (VR) title Sneaky Bears, have announced the successful completion of a Seed Funding round led by Suir Valley Ventures.
Sneaky Bears was initially released as a mobile VR title for Samsung Gear VR, but the developer recently released an expanded and updated version for PlayStation VR and Oculus Rift, with a version for the HTC Vive also currently being developed.
Commenting on the recent investment by Suir Valley, Nikki Lannen said: “Virtual reality will increasingly become part of the fabric of our everyday lives and gaming is pioneering this as we speak. Our Sneaky Bears brand has already performed extremely well on mobile VR platforms, however our move now to more sophisticated hardware, including PlayStation, Oculus Rift and HTC Vive marks an important step for WarDucks. I am delighted that Suir Valley recognises our potential in the expanding virtual reality space and is supporting our next phase of growth through this investment, together with Enterprise Ireland and other private investors.”
€1.3 million in funding has been raised by WarDucks, led by venture capital firm Suir Valley Venture, with additional funding from Enterprise Ireland and other private investors.
Barry Downes, Managing Partner – Suir Valley Ventures, said, “We are delighted to announce that we are leading the investment round in WarDucks. Nikki and her team have already had major success, launching a number of hit VR games on mobile, and we are thrilled to help the company bring its unique Sneaky Bears IP to console and PC platforms. For the team at Suir Valley, VR is an area of enormous opportunity and potential, and we remain keen to increase our exposure to this market and become a leading investor in the expanding industry. We see Dublin based WarDucks as a great example of the type of games studio that is going to be hugely successful in the VR industry and are looking forward to working with Nikki and her team to support them grow the company rapidly and launch unique products worldwide.”
VRFocus will continue to report on new developments in the VR sector.