Twitch and Zynga Founders Back ForeVR for $ 7 Million Raise
The round was led by Redwood City-based venture capital firm Bessemer Venture Partners with participation from investors such as New York-based Galaxy Interactive, Mark Pincus, founder of Zynga Inc., and Emmett Shear, founder by Twitch Interactive Inc., the company announced on August 17. The investment brings ForeVR’s total funding to $ 8.5 million.
The company plans to use the funding to strengthen its team, develop new games, expand its products to other platforms, and continue to upgrade its recently released VR bowling game, ForeVR Bowl.
âThe ForeVR Bowl and the rest of the ForeVR line represent the best that is possible with VR games and I think will be as important to this medium as Zynga was to mobile,â said Sam Englebardt, partner. General of Galaxy Interactive, in a statement. declaration.
Founded in 2020, ForeVR aims to translate popular and classic in-person games into VR formats.
The company is led by Marcus Segal, former senior vice president of operations at Zynga, and Mike Pagano Doom, former general manager of Built Games. Segal is the Managing Director of ForeVR and Doom is the Creative Director. The company employs 25 people.
ForeVR released its first game, ForeVR Bowl, in May on the Irvine-based virtual reality platform Oculus and plans to release the game soon on the digital video game distribution service Steam.
âWith this increase, we will be able to expand and release more games to meet the growing demand for VR,â Segal said in a statement.
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