# ForeVR Games

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forevr-games

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.forevrgames.com
- Total disclosed funding: $19M
- Latest round: Series A (Oct 27, 2022)
- Investors on record: 3

## About

ForeVR Games Inc. is a developer and publisher of immersive virtual reality games, focusing on social and casual gaming experiences that enhance player engagement in a virtual environment.Founded in 2020 and headquartered in San Francisco, US, ForeVR Games specializes in developing virtual reality games. The company has successfully executed 3 investment deals, with the most recent being a Series A funding round on October 27, 2022, raising USD 10.000 mn led by Lobby Capital, with participation from Bessemer Venture Partners and Galaxy Interactive. CEO Marcus Segal leads the company, which has raised a total of USD 10.000 mn and currently holds a valuation of USD 41.895 mn.ForeVR Games specializes in the development and publishing of immersive virtual reality (VR) games, primarily focused on social and casual gaming experiences. Their core product offerings include titles such as ForeVR Bowl, ForeVR Darts, ForeVR Cornhole, and ForeVR Pool. Each of these games is designed to enhance social engagement among players, allowing users to participate in familiar activities in a virtual environment that simulates real-life gameplay. The company aims to address the increasing demand for social gaming experiences within the VR sector, particularly targeting consumers who seek interactive and enjoyable ways to connect with friends and family remotely. These products cater to a diverse audience, including casual gamers and VR enthusiasts, and are accessible across major international markets, including North America, Europe, and parts of Asia.ForeVR Games generates revenue through direct-to-consumer sales of their VR titles on various platforms, including Meta Quest, Steam VR, and PSVR2. Customers purchase the games individually, and the company may also engage in subscription models or promotional partnerships to enhance customer acquisition and retention. Their flagship products, such as ForeVR Bowl and ForeVR Pool, are priced competitively within the gaming market, allowing broader access while maximizing revenue potential. The transaction structure primarily involves one-time purchases of games, with the possibility of in-game purchases or downloadable content that can further enhance the gaming experience. Each transaction is designed to provide users with immediate access to their preferred gaming experiences, thereby fostering ongoing engagement with the ForeVR Games brand.ForeVR Games plans to utilize the USD 10.000 mn raised in their Series A funding round to support business expansion initiatives. This includes the launch of new immersive VR games designed to enhance player engagement and social interaction. The company is also targeting expansion into new markets, with specific focus on increasing their presence in Europe and parts of Asia by the end of 2024.

## Funding rounds

- Series A, Oct 27, 2022, $10M — Bessemer Venture Partners, Galaxy Asset Management, Lobby Capital
- Seed, Jun 30, 2021, $7M — Bessemer Venture Partners, Galaxy Asset Management
- Seed, Nov 10, 2020, $1.6M — Galaxy Asset Management

## Investors

- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed, Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed, Series A
- Lobby Capital (https://capitalatlas.ai/funds/lobby-capital) — Series A