Virtual Reality startups in Europe
There are 1,994 Virtual Reality startups in Europe which include CCP Games, Improbable, Varjo, Resolution Games, nDreams. Out of these, 477 startups are funded, with 127 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 118 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and Aalto University.
Here is the list of top Virtual Reality startups in Europe
1. CCP Games
CCP Games is a video game developer based in Iceland. It specializes in developing the MMORPG and VR games. Has developed multiple games including "Eve Online" (a sci-fi MMORPG for PC devices), "Eve Gunjack" (mobile VR game for Samsung Gear VR), and "EVE: Valkyrie" (for Oculus Rift and PlayStation VR). It offers its games to the gamers through the subscription model.
Key facts about CCP Games
- Founded Year: 1997
- Location: Reykjavik (Iceland)
- Stage: Acquired
- Total Funding till date: $106M
- Investors: New Enterprise Associates, a16z and 13 Others
- Latest Funding Round: Series D, Mar 21, 2023, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 3 of 990 Competitors
2. Improbable
Platform offering distributed simulation software for video games and corporate sectors. The platform offers a cloud-based computing solution that enables game developers to create, run, and operate online games. Also, allow developers to write code using any simulation software and distribute their code across multiple machines.
Key facts about Improbable
- Founded Year: 2012
- Location: London (United Kingdom)
- Stage: Series D
- Total Funding till date: $930M
- Investors: a16z, SoftBank Capital and 43 Others
- Latest Funding Round: Series D, Oct 03, 2022, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 195 Competitors
3. Varjo
Provider of virtual reality headsets. It enables users to experience virtual and augmented reality content and train, create and learn in superimposed or virtual environments. It caters to simulation, architecture, 3D model designing, medical, and other applications.
Key facts about Varjo
- Founded Year: 2016
- Location: Helsinki (Finland)
- Stage: Series D
- Total Funding till date: $144M
- Investors: Foxconn Electronics, Tesi and 26 Others
- Latest Funding Round: Grant (prize money), Sep 01, 2023, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 2 of 86 Competitors
VR gaming development studio. It focuses on creating casual games. It has developed multiple VR games including Narrows, Wonderglade, and Bait. The games are available on the Google Play store, and Oculus store. It generates revenue through in-app purchases and paid games.
Key facts about Resolution Games
- Founded Year: 2015
- Location: Stockholm (Sweden)
- Stage: Series C
- Total Funding till date: $38.5M
- Investors: Google Ventures, Qualcomm Ventures and 16 Others
- Latest Funding Round: Series C, Jul 14, 2021, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 1 of 395 Competitors
5. nDreams
Developer of Indie VR games. The company develops multiple VR games. It also develops VR-based entertainment content and provides game development services for other companies.
Key facts about nDreams
- Founded Year: 2006
- Location: Farnborough (United Kingdom)
- Stage: Acquired
- Total Funding till date: $46.7M
- Investors: Mercia, Aonic and 25 Others
- Latest Funding Round: Series B, Mar 29, 2022, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 3 of 763 Competitors
