# Aldin Dynamics, ehf.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aldin-dynamics-ehf

- Industry: Software
- Headquarters: Reykjavik, Iceland
- Website: www.aldin.io
- Total disclosed funding: $1M
- Latest round: Seed (Jul 3, 2018)
- Investors on record: 3

## About

Aldin Dynamics, ehf. is an innovative developer specializing in immersive virtual reality experiences that utilize advanced entertainment technologies to deliver engaging products to a global audience.Founded in 2013 in Reykjavik, Iceland, Aldin Dynamics focuses on creating high-quality virtual reality experiences. The company has successfully raised USD 1.00 mn in Seed funding led by Crowberry Capital on July 3, 2018, with participation from Investa and the Technology Development Fund. The company is currently headed by CEO Hrafn Thorisson, one of the founders along with Gunnar Valgardsson.Aldin specializes in pioneering high-quality believable reality experiences, leveraging advanced entertainment technologies to create immersive virtual reality (VR) products. Their flagship product, "Waltz of the Wizard," allows users to engage with a magical world where they can interact with AI-driven characters—such as Skully, a wizard assistant—using natural inputs like hand tracking and voice interaction. This product targets a diverse clientele including individual gamers, families, and VR enthusiasts across various platforms, having achieved significant success with nearly 1,000,000 copies sold globally, including markets such as North America, Europe, and Asia. The immersive nature of their offerings is enhanced by Aldin's proprietary PresenceCore™ engine, which allows for intuitive interaction and enhances the realism of the simulated environments. The company aims to create personalized experiences that resonate with users by allowing them to explore, discover, and interact with responsive characters and environments.In the most recent fiscal year of 2022, Aldin Dynamics generated revenue of USD 771,471.70, with an EBITDA of USD 167,025.10. The company primarily generates revenue through direct sales of its VR applications, notably "Waltz of the Wizard," across major platforms such as Meta Quest, PlayStation 5, Steam Deck, and PC. Transactions are structured as direct-to-consumer sales, where end users purchase games through digital storefronts. The pricing model typically includes one-time purchases for individual titles, with potential expansions or additional content available for separate purchase, thereby enhancing user engagement and satisfaction. The company focuses on creating high-value experiences that justify their pricing through unique interactive features and quality content, ultimately establishing a firm presence in the competitive gaming market while fostering continuous engagement from its user base.Aldin Dynamics plans to utilize the recent USD 1.00 mn Seed funding to develop new products and enhance its existing offerings. Upcoming projects include expansions of "Waltz of the Wizard" with new content updates and potentially new titles set to launch by the end of 2023. The company aims to expand its market presence in North America and Europe, with specific strategies to penetrate the growing audience of VR enthusiasts in Asia by mid-2024.

## Funding rounds

- Seed, Jul 3, 2018, $1M — Investa, Technology Development Fund, Crowberry Capital

## Investors

- Investa — Seed
- Technology Development Fund — Seed
- Crowberry Capital (https://capitalatlas.ai/funds/crowberry-capital) — Seed