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Here's the full press release:
GAME DEVELOPMENT AND TECHNOLOGY STARTUP 3RD EYE STUDIOS SECURES $1,000,000 USD INVESTMENT ROUND
Helsinki, Finland - October 10, 2017 - Independent studio, 3rd Eye Studios today announced that it has closed a $1,000,000 round of funding for the games development and technology studio. The funding from main investors includes ColoplNext/ColoplVRFund, Karl Magnus Troedsson, Sisu Game Ventures Oy, GameFounders, Success (China) Limited and a group of private investors. 3rd Eye Studios will use the funds to develop its proprietary 3rd Eye Core tools and technology, whilst simultaneously building innovative, cutting edge games for new platforms such as virtual reality, including the ambitious VR game saga Downward Spiral.
“The round of investment has allowed the 3rd Eye Studios team to continue our role in bringing the best development tools for multi platform games development, to software developers, hobbyists and players”, said Kari Koivistoinen, CEO of 3rd Eye Studios. “At 3rd Eye Studios part of our mission is to build the next generation of game development tools, with our unique toolset 3rd Eye Core that can be used by by both consumers and developers to create awesome new content.”
"It took me less than thirty minutes to decide to invest in the 3rd Eye Studios team,” said Karl Magnus Troedsson, ex-Vice president of Group Strategy at Electronic Arts and investor behind startup’s including Raw Fury. “An awesome team with great skills and the right attitude, combined with a solid plan on how to build a games development platform, made this a simple decision."
“We felt a strong synergy, with a development team who are invested in the strategy of developing games and game tools simultaneously, to understand and build tools that game studios truly need”, said Daiki Nishiyama of ColoplNext. “We’ve been blown away by their own IP Downward Spiral and under the helm of CEO Kari Koivistoinen, who has a long history of leading teams to create great IP and CTO Veli-Pekka Kokkonen who will continue to create the incredible technology, we are excited to see the studio's next steps.”
3rd Eye Studios’ unique games development toolset, 3rd Eye Core, allows for fast and effective game design for virtual reality, PC and mobile platforms. Scheduled for launch to the games development community in 2018, 3rd Eye Core is currently in testing in China and Finland. The studio's upcoming VR game, Downward Spiral: Horus Station, is scheduled for launch in early 2018.
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About 3rd Eye Studios
Located in Helsinki, Finland, 3rd Eye Studios was founded in June 2016 by a group of game industry veterans, who previously worked in senior positions at companies like Remedy Entertainment, Unity Technologies, Bugbear Entertainment, RedLynx and Moon Studios. The studio develops groundbreaking next generation technology and tools built specifically for developers. 3rd Eye Studios is also building innovative, cutting edge games, for new platforms including VR.
ColoplNext/ColoplVRFund actively invests in early and middle-stage startups of both domestic and abroad and is a group company of Colopl, a Japanese leading mobile and VR entertainment company. http://coloplnext.co.jp/en/coloplvrfund/
About Sisu Game Ventures
Sisu Game Ventures is an exclusive advisory and investment company focused 100% on games. It was setup in 2014 by Paul Bragiel, Moaffak Ahmed and Samuli Syvähuoko and it focuses on the best gaming companies in the Nordic region. We are advising and have invested in the following 20 companies: 3rd Eye Studios, Armada Interactive, Combo Breaker, Dazzle Rocks, Epic Owl, Kopla Games, Next Games, Oddshot, Playmore Games, Quicksave Interactive, Reforged Studios, Resolution Games, Shark Punch, Singa, Small Giant Games, Snowprint Studios, Sólfar Studios, Theory Interactive, Umbra and Vizor.
GameFounders is a startup accelerator and pre-seed fund working exclusively with game studios. Established in 2012, GameFounders started its operations in a hub in Europe, Estonia and in 2015 expanded with opening a hub in Malaysia to cover Asia. Currently GameFounders has 70 studios in its portfolio from 26 countries. The teams all have access to a wide array international mentors, partnership deals and small investment.
About Success (China) Limited
Success (China) Limited is a Hong Kong-based investment management company that focuses on venture capital investment opportunities in Northern and Eastern European countries. The Company aims to create significant value by combining China's market potential with its portfolio companies' unique technological innovations.
About Karl Magnus Troedsson/Loot Spawn
Prior to founding investment company Loot Spawn, Karl Magnus Troedsson was CEO of Dice and VP of Group Strategy at Electronic Arts. At Loot Spawn, Karl is a game industry investor who focuses on helping small developers create, fund and publishes their amazing work. Loot Spawn is the manifestation of an idea to make focused, early investments in talented individuals and small teams within the games industry while partnering up and supporting them in realizing their vision.