Singapore: Video game content producer Virtuos raises $15m led by 3D Capital

Singaporean dollar bank notes are arranged for a photograph in Singapore, on Tuesday, Aug. 9, 2011. Photographer: Munshi Ahmed/Bloomberg

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.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.