Nature of Funding :
Venture Capital (EIS)
Use of Funding :
Product Development
Sector :
Virtual Reality/Gaming
Amount :
£500,000
Date of Investment :
September 2023
Location :
Southport
Fund :
fund:AI
Summary
fund:AI (managed by River Capital) invested £500,000 into leading Virtual Reality (VR) gaming company Fallen Planet Studios in September 2023.
Based in Southport, Merseyside, Fallen Planet are at the forefront of VR gaming and have deep relationships into the major platforms including Sony and Meta (formerly Facebook) where the Fallen Planet games have been in the top 10 all time VR downloaded titles.
The Liverpool City Region is a hotbed for the creative and gaming sector with a number of merger & acquisitions in the region including from Sony who have a major presence in the heart of Liverpool.
The investment will be used to support the development of new titles where Artificial Intelligence is key to their evolving workflow.
Testimonial
Founded in 2013 with a sole focus on developing for the nascent Virtual Reality industry, the exploration and adoption of new technologies is an integral part of Fallen Planet Studios’ DNA. This strategic investment from River Capital will support our commitment to innovation, accelerating the implementation of AI technologies across our game development pipeline by enhancing our proprietary toolsets, whilst enabling us to elevate our gaming experiences by deriving and responding to valuable player insights. We are excited about the possibilities this partnership unlocks and we look forward to delivering exceptional games and services to the global XR community.
Alex Moretti CEO and Co-Founder