VR Game Startup Playsnak Receives $2.5 Million Financing

VR game startup Playsnak recently announced that after the last Korean K Cube venture capital investment of 1.3 million U.S. dollars, the company once again obtained 1.2 million U.S. dollars from the game developer GUMI Corporation, financing a total of 2.5 million U.S. dollars.

Guumi was established in 2007 and is headquartered in Tokyo. It is mainly engaged in the development and operation of social games and mobile games. It is one of the most successful game developers on the Japanese social platform. Its major works include the "Bearer Frontline".

Playsnak CEO Paha Schulz said: “Getting financing from a mature partner like gumi is another confirmation of the direction of our company's development. The financing funds will be used for our current development needs and we will be the next one to be launched. VR game IP. We are very grateful to all investors for their confidence in us and soon we will show our players the results of our work.”

Playsnak was founded in 2015 and has studios in Berlin and Los Angeles. The company recently was preparing for the first VR game to be released soon. Gumi's investment not only shows its global development ambitions, but also means that Playsnak's game quality has been recognized by Gumi.

Gumi CEO said: “We are very surprised at the level of works that Playsnak has completed in such a short period of time. The company’s vision for a first-class VR experience fits well with our company’s product image and strategy for creating new games. I believe Our cooperation can open up new opportunities for both parties."

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