Kuato raised £4.5 million in a round led by Horizons Ventures
Kuato, a London, UK-based mobile games developer, announced that it completed a funding round of £4.5 million ($6M).
The money was raised from investors led by Hong Kong-based VC Horizons Ventures.
The money will be used as the compnay prepares the launch of its first virtual reality title, Panic Room, and developing the patented technology that makes the game the first of its kind.
Kuato, founded in 2011 by Sian Priest and led by CEO Mark Horneff, develops educational games for children with titles including Marvel Hero Tales and Disney Story Realms. The company has recently started working with Panic Room, a new type of VR experience that it calls ‘Actor/Director’. The technology allows parents, teachers or carers to watch the child move through the game and even participate from the sidelines.