XR Games

Park Place advised multi award-winning XR Games on securing £5.9m ($7m) investment to supercharge its growth.  The Leeds-based independent games studio and virtual reality (VR) developer secured the investment in a round led by existing investors act media ventures, Praetura Ventures and Maven.

This investment will support XR Games’ expansion as it moves to a brand-new studio in the centre of Leeds. It will also enable the business to grow its team as it invests in intellectual property, the development of new games, and research into VR and augmented reality (AR) technologies, following the success of its Zombieland: Headshot Fever launch in 2021.

Park Place acted as lead advisor in this important funding round for the business, bringing together multiple strands of complexity and several investment parties, whilst managing the process through to a successful completion.

Bobby Thandi, XR Games Founder and CEO, said: We are extremely proud of the fantastic work and success the team at XR Games continues to achieve. This latest investment will enable XR Games to continue to bring new innovations to the AR/VR sector over the next few years. The Park Place team were instrumental in ordering and managing a range of complex issues that were critical to the success of this fund raise. Their clear thinking and impartial advice was respected by, and invaluable to, all parties.”

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