LOS ANGELES, CA (September 23, 2015) – Reload Studios announced that it has successfully closed its first round of funding with a total of $4M. Following the previously announced lead investment, the studio has raised an additional $1.5M from private investors and numbers of VC fundraisers.
In July of 2015, Reload studios celebrated its first anniversary. In just one year the studio has grown into 28 people strong, and they are pioneering into the VR online multiplay shooter genre with their announced title, World War Toons.
World War Toons is geared to be one of the major launch titles for the upcoming PC and Console VR platforms. One respected VR journal refers to Reload Studios’ effort thusly: “World War Toons looks set to become a stepping stone to a whole new world of possibilities in VR.” (VR Focus June 26, 2015)
Reload Studios also recently announced their effort in expanding into the non-gaming side of the VR industry by forming their own VR Lab. Their first effort was to form a strategic partnership with WoofbertVR, an arts education VR company which creates interactive VR museum experiences. The woofbertVR and Reload collaboration premiered last month at IFA in Berlin as a part of Samsung’s VR showcase. Reload Studios’ VR Lab plans on expanding into education, military, automotive, film and other areas of the VR landscape.
“Today’s digital consumers will best experience and embrace Virtual Reality through its most exciting and breath-taking content,” said Chun Ding, General Partner at YK CRCM RS LLC. “We applaud the talented team at Reload Studios for what they have accomplished and are thrilled to partner with them to bring the best of these contents to the consumers.”
“Now the foundation is set,” adds James Chung, Reload Studios’ founder and CEO. “Gaining partners who believed in the future of VR is like gaining a huge army for the battle. We are ready to take on the whole world of VR.”
The investors and investment entities participating in the current round are as follows:
*World Innovation Lab
*YK CRCM RS LLC
*Unspecified private investors