WE USE COOKIES

We are using third-party cookies in order to personalize your experience better.

Read more
Allow
actionCAREER

Developer Diaries

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

Share

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.

Related News

Kallelse till årsstämma i Beyond Frames Entertainment AB Juni 2020

Aktieägarna i Beyond Frames Entertainment AB (publ), org.nr 559058-8322, kallas till årsstämma i bolagets lokaler på Tjurbergsgatan 29 i Stockholm, fredagen den 26 juni 2020 kl 14:00.

Continue Reading

VR-spelmarknaden lyfter, intäkter upp 178 %

Det fjärde kvartalet är säsongsmässigt starkt för hela dataspelsbranschen men fjärde kvartalet 2019 kan gå till historien som tidpunkten då VR slog igenom en gång för alla, åtminstone vad gäller spel.

Continue Reading

Beyond Frames pratar VR och AR med Perspektiv Direkt

Vi hälsade på hos Perspektiv Direkt och pratade lite om VR och AR, nutid och framtid.

Continue Reading

Follow Us For More News

Facebook
Youtube
Twitter
Linkedin

Sign Up to our Newsletter

Get the greatest and latest B2B news about Beyond Frames, our products and campaigns by signing up for the newsletter below. For investor related news (in Swedish), please sign up for news letter in our newsroom here.

Sign Up
By subscribing, you agree to receive emails from us. Please review ourprivacy policyfor more information. You can unsubscribe at any time.