Resolution will use the funding for, among other things, building up its resources for supporting games like Blaston and Demeo. We’re seeing many players spending two hours on average per session.” The game is not only beating revenue numbers, but has also blown away records for time spent, retention, and more. It’s clear that Demeo fills a gap, and we’re excited to see so many players enjoying the game. But Palm did say that “beyond sales, we’re even more pleased to see the reception from VR enthusiasts and tabletop RPG players alike. Palm said Demeo is Resolution’s fifth game to surpass $1 million in sales (it’s sold over $2 million now), but he wouldn’t give a precise number of copies the studio has sold. Most importantly, we’re seeing more players, playing more often and for longer periods of time.” We’ve also seen one of our titles exceed $1 million in revenues in just a week. There’s also more VR users entering the market than ever - as seen with growth in downloads across nearly all our titles. “More global markets like China, Japan, Korea, and elsewhere are showing positive growth signs in their use of VR and innovations across VR and AR hardware. Not only is there now a benchmark device that’s fit for the mainstream in the Quest 2, but it’s clear more big players are entering the space or taking more steps to compete with hardware,” Palm said. “We’re also seeing incredibly healthy signs in the industry. Palm also cited the Oculus Quest 2’s success and VR’s growth in Asian markets as reasons to for this fundraise. “This will allow us to not just keep the momentum going, but to accelerate it and really double down on VR and AR, while securing our position in a way that allows us to innovate and take larger steps forward – not only for ourselves, but for the industry as a whole.” A healthy niche Now seemed to be the perfect time given our quick growth over the past year and our plans for expansion in the future,” said Resolution CEO and cofounder Tommy Palm over email. We were fortunate enough to be able to take our time and really search near and far for investors that share our beliefs and goals. “We have been mulling over a Series C round for quite a while now - even though we have been profitable the last few years. So it makes sense that Resolution would seek funding now, as it gets deeper into “games-as-a-service.”
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