Virtuos, a video game content production company, on Wednesday announced raising a $15-million funding round led by 3D Capital Partners, and setting up of new headquarters and R&D center in Singapore.
The company was previously headquartered in Shanghai.
Its lead investor, 3D Capital Partners, is a joint venture between French investment holding Enthéos and Hong-Kong-based Leitmotiv Private Equity. Gilles Langourieux remains the majority owner of the company, with the balance shared between Virtuos’ managers, 3D Capital Partners and long term investor Xuhui Venture Capital, it said in a statement.
Founded in 2004, Virtuos specialises in game development and AAA 3D art production for console and mobile titles. The company currently has operations in China, Vietnam, Canada, France, Japan, Ireland and the United States.
“The video game development industry is maturing and so is Virtuos. Today we can handle the increasingly complex in-game experience demanded by players on a growing and increasingly powerful range of platforms,” said Langourieux, CEO of Virtuos.
“The company’s new structure, expanded funding, and R&D center in Singapore will ensure that we stay at the forefront of game technology innovation and continue to be the ideal partner for studios that are developing blockbuster games.”
The new round of equity funding will support Virtuos in its next phase of accelerated growth and finance its buy-and-build strategy across different geographies. Besides expanding existing studios, the company will look at acquiring and developing complementary businesses and double the business in size within the next three years, it added.
Virtuos is establishing an R&D center in partnership with Singapore’s Economic Development Board (EDB), and plans to create 100 jobs over the next five years in Singapore.
In the last 15 years, Virtuos claimed to have delivered content for over 1,100 projects and its clients include 18 of the top 20 digital entertainment companies worldwide. It has worked on games such as Rockstar Games’ L.A. Noire and Square Enix’s remaster of Final Fantasy XII: the Zodiac Age.