WarDucks, a virtual reality game developer, has completed a $1.5 million financing led by Suir Valley Ventures. This team is based in Dublin, Ireland, and is primarily engaged in VR game development, but also has experience in the development of iOS and Android games.
Enterprise Ireland and other private investors also participated in this round of financing, and this funding will help WarDucks continue to develop and introduce more products to the world. The studio's iconic game "Sneaky Bears" has already reached the top 25 of the Samsung Gear VR's best-selling charts, and this game has also recently introduced the psvr and Oculus Rift platforms (coming soon for the Vive version). Their second VR game, Sneaky Bears Rollercoaste, is also quite impressive on the Gear VR list.
Nikki Lannen, Executive Director of WarDucks, said: “Virtual reality will become more and more part of our daily lives, and the game is leading this breakthrough. Our Sneaky Bears series is very good on the mobile VR platform, but Now that we have begun to enter more mature hardware, including the PlayStation, Oculus Rift and HTC Vive, this marks an important step forward for WarDucks."
After completing the financing, Toby Raincock, executive director of Shard Capital, will join the Board of WarDucks. Shard Capital is an independent financial sales company based in London, England. They mainly invest in Suir Valley Ventures' corporate structure in southeastern Ireland. Shard Capital and Suir Valley Ventures, as well as Enterprise Ireland, have participated in the Suir Valley Venture Fund and are investing 20 million Euros in early stage software companies, including VR and AR startups.
Barry Downes, head and managing partner of Suir Valley Ventures, previously invested in Immersive VR Education (the developer of Apollo 11 VR Experience), and his investment review for WarDucks stated: "VR is a great opportunity and potential. In the field, we are still keen to increase our exposure in this market and become a leading investor in this growing industry. We think WarDucks is an excellent example in the game studio and they will also be in VR. The industry has achieved great success. We look forward to working with Nikki and its team to help them quickly develop the company and launch unique products worldwide.â€
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