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Resolution Games

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AR/VR platforms
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Resolution Games is a Swedish AR and VR-based video game development studio founded by Tommy Palm, a developer previously credited for the success of the popular Candy Crush Saga game. Resolution Games’ catalog includes Demeo, a multiplayer VR game that has exceeded USD 1 million in revenue (the studio’s fifth game to do so) and earned the award for the “VR game of the year” at the 2021 VR Awards and other titles such as Blaston, Angry Birds VR, Acron, and Cook-out, which were also well received by players and critics. As of July 2021, Resolution Games had a team of 35 employees.

Resolution Games acquired Swedish studio Zenz VR, known for its VR zombie shooter HordeZ,  in July 2022   to strengthen Resolution Games’ development capabilities. The company also acquired Zero Index (November 2021), a game studio and consulting firm that focuses on B2B services in the game and IT industry to enhance its capabilities to bring games to different markets and platforms.

Funding and financials

In its most recent funding round (July 2021), Resolution Games raised USD 25 million in Series C funding co-led by Qualcomm Ventures and Bitkraft Ventures, with participation from previous investors including Initial Capital and Sisu Games Ventures. The company plans to allocate the fresh funds to bring the games-as-a-service (GaaS) business model to the VR space, develop and support its existing titles, and create new live games and intellectual properties. The company reported its fifth consecutive year of profitability and recorded revenue of SEK 111 million (~USD 11 million) in 2021.

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Key stats
Featured companies
239
Total funding (USD)
13.6 Bn
Total addressable market (USD)
100.4 Bn
Key competitors
 
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Company profile
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EDGE Insights

XR and MEP (Q1 2024): An Apple-backed XR spatial computing surge; Disney’s USD 1.5 billion fuels Fortnite expansion

Recent Updates

Management news
May 1, 2024
Resolution Games appoints Johan Gästrin as CTO
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M&A
Jul 7, 2022
Resolution Games acquires Swedish game development studio Zenz VR
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Company Brief


HQ location:
Mäster Samuelsgatan 45 Stockholm SWE
Founded year:
2015
Employees:
101-250
Total Funding:
USD 38.5 million
Last Funding
USD 25.0 million, Jul 2021

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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