California, USA-based new game studio focused on creating social games for mixed reality, Eggscape Entertainment closed its seed round with USD 4.25 million. The company announced the closure on February 1, 2024. Transcend Fund led the financing for the company. Meanwhile, The Venture Reality Fund and strategic angel investor Lautaro Brunatti joined the financing.
Purpose of financing for Eggscape Entertainment
With the latest funding, the company seeks to advance the launch of the groundbreaking mixed reality game Eggscape, which has already won several festival awards, including a Lion at La Biennale di Venezia and earned early praise from media and attendees at GDC and SXSW.
What the company’s official has to add
German Heller, CEO, said, “Mixed reality is the perfect medium to bring fun, social gaming experiences to life. It adds a layer to reality, where the imagination has no limits. It’s key to be able to play with friends online or side by side without isolating oneself from the world outside. You’ll see fun, animated characters running around and surviving wacky situations overlaid on your actual surroundings. It was important for us to create a game with an equal level of innovation and a sense of humour. From the character design to the story, the animation style, and the world, they all share the same tone of absurdity, playfulness, and a sort of happy insanity.”
What the investors have to comment
Andrew Sheppard, a partner at Transcend Fund, said, “Eggscape isn’t just a single game; we believe that the Eggscape team is helping define the future of social gameplay for mixed reality. The fusion of mixed reality, Pixar-quality animation, and social interactions that Eggscape brings to the table creates a new gaming experience we have not seen before. We are beyond excited to support Eggscape Entertainment in this venture.”
In addition, Tipatat Chennavasin, co-founder and General Partner at The Venture Reality Fund, said, “Entertainment in mixed reality requires a fresh and novel approach to combine spatial awareness with fun and engaging gameplay. The Eggscape team has already demonstrated a compelling vision to build such a platform.”
About the company
German Heller, Federico Heller, and Jorge Tereso are the co-founders of the company. Eggscape Entertainment is a mixed-reality game studio founded by animation and immersive entertainment veterans from 3DAR. The company is on a mission to bring fun and entertaining social games to the world, leveraging new technologies like AI, mixed reality, spatial computing, and beyond.
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