VR games publisher Netvios has announced its completion of A-round financing worth over 100 million yuan ($14.8 million). During the round, the firm acquired strategic investment from OPPO’s Xunxing Investment. The new funds are reportedly to be used for investment in virtual reality content and marketing operations, as well as the layout of its VR ecology.
Following this financing, Netvios will still focus on product localization, seeking to organically incorporate Chinese game players’ needs into top VR games by empowering content, marketing and operations. In doing so, the firm is bringing an innovative VR experience to Chinese players.
Earlier, Netvios secured tens of millions of yuan in seed round investment from Fresh Capital, when it was split from NetEase Games. Within one year, Netvios completed two rounds of financing in succession, and its mature business model and explosive growth in the past two years has gained the attention of capital institutions.
The Netvios team hails from NetEase Games, and has worked on XR Ecology since 2016. In 2018, the team founder led a cooperation between NetEase and Survios, a top overseas VR developer, and established Netvios at the end of 2018, focusing on VR game distribution.
Netvios is now an exclusive agent for more than 20 popular games around the world, meeting the needs of different users through diversified product packages. Its games cover many popular categories such as fighting, shooting, adventure and leisure, including hit music VR game “Beat Saber” and popular HBO IP-derived VR game “Westworld.”