Press Release

Cortopia Group Raises $1.4 Million

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Stockholm, Sweden (June 4 , 2018) – The Cortopia Group, established by award-winning virtual reality (VR) studio Cortopia Studios, announced today that they have raised an additional 12 million SEK ($1.4 million USD) for their newly formed entity in a funding round that closed on April 30th. This funding round will accelerate the Group’s ability in R&D and development of new VR, Augmented Reality (AR), and esports initiatives. Zenz VR joined the Cortopia Group on April 27th.

“Mobile AR is accelerating quicker than we first anticipated and in order to remain competitive, we need to embrace the advances in technology and the ways in which users show us they want to play games,” says Cortopia Group CEO, Andreas Skoglund. “With the release of AR Core by Google and Apple’s AR Kit, building compelling AR experiences is more appealing than ever before and this additional funding round will allow us to pursue additional paths for our group.”

This investment round for the Cortopia Group garnered the attention of many prominent investors in the tech, gaming and entertainment industries in a short time.

Cortopia Studios has already seen widespread success with their hugely popular, competitive, cross-platform VR title WANDS that brings fast-paced magic duels to players around the world. WANDS is a top-selling title on many headsets including as a launch title on Oculus Go in May of this year.

About Cortopia Group

Built by the original team behind WANDS, award-winning Cortopia Studios is based in Stockholm, Sweden and is led by CEO Andreas Skoglund who joined the company earlier in 2017 after previously having worked at DICE and Electronic Arts as a producer on the Battlefield and Battlefront franchises. The hero title, WANDS is a key focus – but the studio has also hinted at plans to use the company’s unique position to drive innovation for VR and AR technologies. Also part of Cortopia Group is Zenz VR, lead by CEO Niklas Persson who is the co-founder and creator of Codename: Eagle, which later became Electronic Arts’ big success Battlefield. Zenz VR hero title HordeZ is one of the most popular VR zombie shooter games in the world and is featured in multiple VR Arcades globally. Available on Steam, Oculus Rift, and Vive and for commercial licensing. X-Fire and Xion are available in early access.

The Cortopia Group was created to further expand VR and AR allowing successful studios to focus on what they do best; create games.

http://www.cortopia.com

http://www.zenzvr.com

Contact:

John Milburn, john.milburn@cortopia.com

Cortopia Studios establishes Cortopia Group, adds Zenz VR to the fold

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Stockholm, Sweden (May 24, 2018) – Award-winning VR Studio, Cortopia Studios announced today that they will be bringing successful Indie VR company Zenz VR under the Cortopia Group umbrella, representing a milestone for the newly established entity. Zenz VR brings established IP to the Cortopia Group, as well as a fourth title currently under development.

“Building on the success of our cross-platform VR title WANDS, Cortopia Group is keeping a pulse on the top studios that fit our ambition for excellence in VR,”,  says Cortopia Group CEO, Andreas Skoglund. “Cortopia is an effective team of talented VR creators and have shown that we can develop incredible experiences that capture the hearts and minds of VR enthusiasts. We are thrilled to lend our support to Zenz VR to help them do what they do best, and to expand our studios influence in the industry.”

“Zenz VR is delighted to be joining Cortopia Group,” says Niklas Persson, games industry veteran, founder and CEO of Zenz VR. “The Cortopia team has been very pleasant to work with and I am excited to continue as CEO of Zenz VR in this next exciting chapter for our company.”

Niklas Persson is the co-founder and creator of Codename: Eagle, which later became Electronic Arts’ big success Battlefield.

Cortopia Studios has already seen widespread success with their hugely popular, PvP cross-platform VR title WANDS that brings fast-paced magic duels to players around the world. Zenz VR will join the Cortopia Group, bringing popular VR titles HordeZ, X-Fire VR, and Xion as well as a fourth title in development.

  • HordeZ is one of the most popular VR zombie shooter games in the world and has been featured in multiple VR Arcades globally. Currently available to download on SteamOculus Rift, and Vive and for commercial licensing.
  • X-Fire VR is an action title set in the year 2059, featuring gameplay for an epic battle between Humans and Alien forces. Randomized levels ensure high replayability. Currently in early access on steam.
  • Xion revives the arcade and shoot’em-ups of the 90’s with a unique rogue style and destructible voxel landscape setting, now featuring the ability to upgrade your ship. Currently in early access on steam and will also very soon be available for Oculus Rift.

 

About Cortopia Studios:

Built by the original team behind WANDS, award-winning Cortopia Studios is based in Stockholm, Sweden and is led by CEO Andreas Skoglund who joined the company earlier in 2017 after previously having worked at DICE and Electronic Arts as a producer on the Battlefield and Battlefront franchises. The studios hero title, WANDS is a key focus – but the studio has also hinted at ambitious plans to use the company’s unique position to drive innovation for VR, AR and MR technologies. The Cortopia Group was created to further expand VR and AR allowing successful studios to focus on what they do best; create games. http://www.cortopia.com/

 

Contacts:

Alice Martinez, alice@zebrapartners.net

John Milburn, john.milburn@cortopia.com

 

Cortopia raises $2,48M (21M SEK) to continue their VR success story

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Following the success of Cortopia’s award winning VR game Wands, the company has now raised $2,48M (21M SEK) together with their strategic partner Init Invest in this financial round that gained huge interest and great response from several investors.

Cortopia was founded in 2016, and launched its first VR-game, Wands, in August 2016. Wands was one of the world’s first VR games with PC quality on a mobile VR platform, and received the “Best VR Game” award from International Mobile Gaming Awards Global at GDC in San Francisco.

Cortopia is one of few VR-studios with a steady organic income built on a close relationship with major platform partners like Oculus, Google, Samsung and Pico. Wands has been the top selling game several times at their partners’ app stores and is still, one year later, recurrent the #1 top selling game in the biggest Samsung Gear VR store.

“It has been a strategic and very intentional effort on our part to build great relationshipswith our platform partners. In addition to making great games, we want to make sure that we are a partner who sticks to the deadlines and makes use of the new VR technologies offered by the different platforms”, says Cortopia’s new CEO Andreas Skoglund who joined the company earlier in 2017 after previously having worked at DICE and Electronic Arts as a producer on the Battlefield and Battlefront franchises.

 

With the new investment, Cortopia’s future plans are focused on having Wands evolve into a big competitive VR game while also working on introducing new and different game experiences to complement the already successful portfolio.

Skoglund also states that AR and MR (mixed reality) have a place in the company’s future.

“I am very excited about what AR will do, both in terms of how we consume entertainment and how we live our lives” he says and continues: “This new technology will introduce a whole new way of how we behave in everyday interactions and one of the major milestones we need to hit is understanding how games will look and work in this media 5 and 10 years from now.”

To enable their ambitious plans of using the company’s unique position to drive innovation within both the VR and AR technology, Cortopia will put a lot of focus on finding and hiring the industry’s top talents.

You can find Cortopia’s open job positions here: http://cortopia.com/careers