Science

Bossa Studios Raises $10M in Series A Funding

Bossa Studios Raises $10M in Series A Funding”

The venture capital firm has led a $10m series A round in Bossa Studios, which is set to launch Worlds Adrift, the first built using the virtual reality platform created by fellow United Kingdom tech startup Improbable. The funds, $10 million, will be used by Bossa to help recruit talent globally to London and also continue the studio's strategic focus on user generated content and artificial intelligence.

Bossa founders Henrique Olifiers and Imre Jele were involved in the development of RuneScape, a so-called massively multiplayer online game (MMOG) with more than 250 million user accounts set up since its launch in 2001.

According to recent research from Atomico, the gaming industry is now worth $100bn in terms of revenue with partner and co-founder Mattias Ljungman pointing to a return to PC gaming after the rise of mobile gaming.

It is set to be the first game on general release to be built on the SpatialOS platform of Improbable, a British firm which in May raised $502 million in a funding round led by Japan's SoftBank Group Corp, valuing it at over $1 billion.

Bossa Studios has secured £7.5m in a Series A funding round led by Atomico and existing investors London Venture Partners.

"We're excited to partner with Bossa as they take gamers to new universes, and look forward to working with their impressive team".

The deal is also of big importance to Games London, who runs the London Games Festival and work to attract business to the United Kingdom capital from video game investment.



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