Hartmann Capital invests CAD 3.7 million in Squido Studio's seed round to support the development of its innovative social VR platform, DigiGods.
Target Information
Hartmann Capital is pleased to announce its investment in Squido Studio, which has successfully secured a CAD 3.7 million seed round. Alongside prominent investors such as Triptyq Capital, Grishin Robotics, and FJ Labs, Hartmann Capital recognizes Squido Studio as an award-winning Canadian VR game development studio focused on creating cutting-edge social VR experiences. Their commitment to innovation positions them as a frontrunner in the evolving landscape of virtual reality gaming.
Squido Studio has gained significant recognition for their flagship platform, DigiGods, which integrates social VR gameplay with an intuitive user-generated content platform. This combination allows users to create and share their own games, leading to the platform being dubbed "the Roblox of VR." The studio has already released two titles, with their first, "No More Rainbows," achieving substantial success in the standalone VR market, laying a strong foundation for their upcoming offerings.
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Industry Overview
The virtual reality gaming industry in Canada is experiencing rapid growth, driven by technological advancements and increasing consumer interest. With over 40 million VR headsets circu
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Hartmann Capital
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in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $3M
Revenue: $2M