Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next. 


VR developer Thirdverse has completed a Series A funding round worth $8.5 million, showing that investors are still happy to get into VR gaming.

Thirdverse worked on the multiplayer sword-fighting VR game Swords of Gargantua, which came out in 2019. JAFCO lead the investment round, with Presence Capital, Sisu Ventures, and Incubate Fund also investing.

The studio’s next game, Frostpoint VR: Proving Grounds, is coming out for Oculus, Vive, and Valve Index VR devices later this year. It is publishing the multiplayer shooter with InXile developing. This will be InXile’s last non-Microsoft project following its acquisition of the studio, which is known for RPGs.

Thirdverse cofounder Masaru Ohnogi told GamesBeat that the funding will go toward expanding the company with new hires.

GamesBeat

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
  • Newsletters, such as DeanBeat
  • The wonderful, educational, and fun speakers at our events
  • Networking opportunities
  • Special members-only interviews, chats, and "open office" events with GamesBeat staff
  • Chatting with community members, GamesBeat staff, and other guests in our Discord
  • And maybe even a fun prize or two
  • Introductions to like-minded parties
Become a member