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Chinese Global VR Challenge runner-up Mirage Interactive raises $1.5 million

Investment led by SongHe Capital and Wistone
Chinese Global VR Challenge runner-up Mirage Interactive raises $1.5 million
Date Type Companies Involved Size
Aug 2, 2016 investment Mirage Interactive WiSTONE Wireless Entertainment $1,500,000m

Beijing-based VR developer Mirage Interactive has raised $1.5 million in funding.

SongeHe Capital and mobile developer Wistone, Mirage's parent company, were the main investors in the company. The studio recently launched its first game, Heroes of the Seven Seas.

A new dimension

"Advanced technologies and sophisticated VR gaming devices are enabling an entirely new dimension of immersive gameplay experience," said Mirage's founder and CEO, Ke Wong.

"We're passionate about helping to drive the innovations taking place in this emerging segment, which is projected to be an $80 billion market by 2025."

The studio came second in the recent Global VR Challenge, created by Steel Media in association with VR firm DeePoon, where it impressed judges with its naval combat and exploration.

[Source: VentureBeat]