Make Real, the developer of madcap VR party game, Loco Dojo, has secured equity investment to expand its operations in VR.
The company declined to reveal exactly how much funding it raised in a round led by M&A Advisory, but did note that it would use the money to expand its R&D team to build prototypes and develop creative products. More money will also go to marketing & PR for the company as well as exploring more applications in the education industry.
Make Real develops and publishes games like Loco Dojo along with working with well-known brands like McDonalds, providing interactive, promotional VR experiences for them.
A few months back we reported that Make Real was now working on its next game, Pastime for Pirates, which is a swashbuckling-themed social hub for playing minigames and chatting with friends. At the time we noted the game was seeking funding. Speaking to UploadVR, Sam Watts, Director of Immersive Technologies at Make Real, noted that the investment the company secured today was unrelated to Pirates as it’s an “in-house” effort.
“However it does mean with the creation of the R&D / rapid prototyping / own-IP development team, we are able to continue working into the vertical slice of PfP to bring it to a state that is more likely to receive publisher interest,” Watts added. “It should be noted that PfP is just one of many own-IP prototypes Make Real has created, within the consumer gaming and enterprise training spaces, either for internal development or external funding opportunities, more details of which will be made available in the coming months.”