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VR Gaming Start up Raises $2.5M in Seed Funding

Earlier today Playsnak (a VR gaming start up) announced via press release that they are getting a seed investement of $1.2 million USD from gumi Inc.  This completes their initial seed funding round that saw them get a total of $2.5 million USD from backers. More information below courtesy of their press release.


VR Gaming Start-Up Playsnak Raises $2.5M in Seed Funding Including a New Investment from Japan’s gumi Inc.

BERLIN – May 30, 2017 – Virtual reality gaming start-up Playsnak today announced it has secured an additional $1.2 million USD seed investment from global publisher and developer gumi Inc. This investment completes its initial seed funding round with a total of $2.5 million from backers, including an investment of $1.3 million from South Korea’s K Cube Ventures last year. Playsnak, which was founded in 2015 and has offices in Berlin and Los Angeles, will leverage the funding from this latest round for its development pipeline.

Tokyo-based gumi Inc. said the investment reflected both the scale of its global ambitions and Playsnak’s early promise in the VR spaces. CEO of gumi Inc., Hironao Kunimitsu, said: “We’ve been extremely impressed by what Playsnak has been able to achieve in the short period of time the company has been up and running. Its focus on creating first-class VR experiences fits perfectly with our own portfolio of products and ambitions to break new ground for gamers, and we believe this strategic partnership opens the door to exciting opportunities for both parties.”

Playsnak CEO, Paha Schulz, said: “Investment from a well-established partner like gumi offers further affirmation that our vision for innovative VR content is on the right track. This funding will bolster our position and expand our capabilities as we build towards the announcement of our first VR game IP in the next weeks. We’re grateful to all our investors for their faith in us, and we look forward to giving players a first look at what we’ve been working on very soon.”
To read more about Playsnak and stay up to date with all the company’s latest news as they prepare to unveil their debut title, visit http://playsnak.com.


About Playsnak
Founded in 2015, Playsnak is a global next-generation games company with offices in Berlin, Germany and Los Angeles, USA. Playsnak strives to create groundbreaking experiences for the maturing VR and AR markets.. For more information, please visit http://playsnak.com.

About gumi Inc.
Founded in 2007, gumi Inc. (Tokyo Stock Exchange: 3903) is a leading global mobile game publisher and developer headquartered in Japan, with overseas operations in France, Korea, Singapore, Taiwan and the United States. The company has proven success in launching titles worldwide, such as the widely popular role-playing games Brave Frontier and Phantom of the Kill. With ongoing publishing and development projects on various platforms, including iOS, Android, and more, gumi aims to change the world through innovative entertainment products and services, including both original content and collaborations with popular IP. For more information, please visit http://www.gu3.co.jp/en/.

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