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XR Games secures £5.9m investment led by act media ventures, Praetura Ventures and Maven

Leeds-based independent games studio and virtual reality (VR) developer XR Games has secured £5.9 million ($7m) 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 later this year. It will enable the business to grow its team as it invests in intellectual property (IP), 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.
 
XR Games initially raised £1 million in a round led by act media ventures (formerly known as ACT Capital Partners), and subsequently raised £1.5 million in a round led by Praetura Ventures alongside act media ventures in 2019. XR Games raised a further £1.5 million in 2021 as part of an investment round led by Maven utilising both Maven managed VCT Funds and NPIF – Maven Equity Finance, (Maven) which is part of the Northern Powerhouse Investment Fund (NPIF), with backing from act media ventures.

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