The startup, which opened its first VR arena in Moscow last month, will use the funding to open additional ones throughout Europe: in Austria in late 2018, then under plans in London, Paris and Madrid next year.
In exchange for the capital injection, the fund received a 24% stake in the startup, as reported by Rusbase. This is the first round of funding from the startup, which was created in March 2018 and has been financed so far by its founders themselves.
Among Another World’s global competitors are The Void and Zero Latency VR, as well as Anvio VR from Russia.
Unlike the latter, Another World targets the EU markets as a priority:
“We do not plan to develop a retail network in Russia at the moment,” said Alexander Malshakov, member of the Board, in an exchange with East-West Digital News.
Malshakov cited several “clear distinctive advantages” of his company. First, with arenas of 400 sq.m. or more, Another World allows for free movements, providing “the next level of immersion.”
Second, sohpisticated scenarios with multiple choices and branches, as well as graphics “at a cinematographic level” provide an “unmatched experience.”
Another advantage is in the fact that paratroopers and hooverbike pilots play within the same gameplay, said Malshakov.
Another World makes use of “best-of-breed equipment” such as optitrack Mocap, Striker VR guns, powerful vibration floor, etc.
The company creates two new worlds every quarter for its customers. PVP games will be presented to the public soon, added Malshakov.
Launched earlier this year by a few families, Stalker Fund makes its investments without much publicity, Malshakov said.
This story initially appeared in East-West Digital News, an international news resource covering the Russian innovation scene.