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Resolution closes largest VR game development Series A funding round at $6 million

Date Type Companies involved Size
August 25th, 2015 investment Creandum
Google Ventures
Initial Capital
Resolution Games
$6m
Resolution closes largest VR game development Series A funding round at $6 million

The largest VC cash injection for any virtual reality games developer has been pumped into Swedish studio Resolution Games.

Founded by King’s former games guru, Tommy Palm, Resolution Games has raised $6 million in Series A funding.

Google Ventures led the round, which marks the firm’s first investment in a Swedish company since it expanded into Europe.

Creandum (which also invested in Finnish dev Small Giant), Initial Capital (Space Ape, Hutch Games and Winko Games), Bonnier Growth Media, Partech Ventures and more also invested.

The money will be used to grow Resolution Games’ development team.

Venture into virtual reality

Building off mobile gaming’s old adage of “innovate fast, fail quickly,” Resolution Games will invest in speedy production that enables the company to quickly gain knowledge, discover successful titles, and experiment with emerging trends within the nascent VR market.

“As we learned with the mobile games market, perseverance is critical for building a successful company in an emerging market.” said Palm.

Resolution's first release is Solitaire Jester for Gear VR

Joe Kraus, general partner at Google Ventures, added: “The pace of development in VR will be very high over the next five years, with mobile VR at the forefront because anyone with a smartphone has the core of a VR experience already in their pocket.

"Tommy and his team have a proven track record of game development and successful entrepreneurship, and we’re excited about what Resolution Games is going to do.”

Resolution Games has already doubled its staff, and plans to keep hiring Swedish industry talent in what Palm firmly believes is a solid growth strategy.

“Resolution Games will be around for years to come and will be able to focus on making the correct strategic choices to help the VR Games market grow into its potential," he said.

News Editor

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