Developer Diaries

Wands Developer Cortopia Raises $1.4M (13M SEK) As It Moves Into AR

Beyond Frames Entertainment, established by award-winning virtual reality (VR) studio Cortopia Studios, announced today that they have raised an additional 12 million SEK ($1.4 million USD) for their newly formed entity in a funding round that closed on April 30th.

Stockholm, Sweden (June 4 , 2018) – Beyond Frames Entertainment, established by award-winning virtual reality (VR) studio Cortopia Studios, announced today that they have raised an additional 12 million SEK ($1.4 million USD) for their newly formed entity in a funding round that closed on April 30th. This funding round will accelerate the Group’s ability in R&D and development of new VR, Augmented Reality (AR), and esports initiatives. Zenz VR joined the Beyond Frames Entertainment on April 27th.

“Mobile AR is accelerating quicker than we first anticipated and in order to remain competitive, we need to embrace the advances in technology and the ways in which users show us they want to play games,” says Cortopia Studios CEO, Andreas Skoglund. “With the release of AR Core by Google and Apple’s AR Kit, building compelling AR experiences is more appealing than ever before and this additional funding round will allow us to pursue additional paths for our group.”

This investment round for theBeyond Frames Entertainment garnered the attention of many prominent investors in the tech, gaming and entertainment industries in a short time.

Cortopia Studios has already seen widespread success with their hugely popular, competitive, cross-platform VR title WANDS that brings fast-paced magic duels to players around the world. WANDS is a top-selling title on many headsets including as a launch title on Oculus Go in May of this year.

Beyond Frames Entertainment was created to further expand VR and AR allowing successful studios to focus on what they do best; create games.