Stockholm-based game development company Resolution Games that focuses on augmented (AR) and virtual reality (VR) has raised $7.5 million in funding at a post-money valuation of $87.5 million. The round was led by MizMaa Ventures, with participation from GP Bullhound, Fly Forever, GV, Partech, Bonnier Ventures, Creandum, Sisu Game Ventures, and the founder of Unity David Helgason.
The game studio focuses on creating immersive experiences for a wide audience that ranges from casual players to hardcore gamers. Its titles include the popular VR fishing simulator Bait!, Wonderglade, Narrows and Solitaire Jester, as well as the first third-party title for MagicLeap, Angry Birds FPS: First Person Slingshot.
“Every one of our investors shares our incredible enthusiasm about the future of visual computing,” said Tommy Palm, CEO and co-founder of Resolution Games. “With the amount of interest we’re seeing from the industry around our titles, coupled with the exciting new platforms like the Oculus Quest coming to market, we foresee larger volumes of players and a viable multiplayer market. Needless to say, these are exciting times.”