Tokyo’s Thirdverse Raises $8.5M to Expand VR Gaming and Metaverse Vision
Thirdverse, the Tokyo-based virtual reality (VR) game developer behind Swords of Gargantua, has successfully closed an $8.5 million Series A funding round. The investment was led by JAFCO, with participation from Presence Capital, Sisu Ventures, and Incubate Fund. The funds will accelerate hiring and further the company’s ambitious metaverse-focused projects.
From Yomuneco to Thirdverse: A Metaverse Mission
Founded four years ago as Yomuneco, the company rebranded as Thirdverse in June 2020 to reflect its core vision: creating a “Third Place inside the Metaverse.” This concept envisions a digital realm where individuals can freely shape their virtual identities and communities. While currently focused on multiplayer VR games, Thirdverse aims to integrate blockchain technology to build immersive, user-driven VR worlds.
Why This Matters Now
The COVID-19 pandemic has amplified demand for virtual social experiences, from online conferences to concerts. VR gaming, in particular, has surged, with titles like Animal Crossing: New Horizons proving the appeal of social-first gaming platforms.
“Our sales and active users spiked in late March as people stayed home,” said co-founder Masaru Ohnogi. “This engagement has remained steady, even as restrictions ease.”
Market Opportunities and Expansion
- Primary Audience: Most of Thirdverse’s users are based in the U.S., with many using Oculus Quest headsets.
- Japan’s VR Potential: With the Oculus Quest 2 launching in Japan, Thirdverse anticipates a wave of new adopters. “As an early leader in Japan’s VR space, we’re poised for growth,” Ohnogi noted.
- Upcoming Releases: The studio is preparing to launch Frostpoint VR: Proving Grounds, a multiplayer shooter for Oculus Rift, HTC Vive, and Valve Index.
Investor Confidence
Paul Bragiel, Founding Partner of Sisu Ventures and Presence Capital, praised Thirdverse’s trajectory:
“Thirdverse combines strong leadership, industry relationships, and a bold vision to dominate VR gaming.”
The Future of VR and the Metaverse
As virtual worlds evolve, Thirdverse is positioning itself at the forefront of social VR experiences, blending gaming, blockchain, and community-building. With fresh funding and a clear roadmap, the company is set to redefine how we interact in digital spaces.
For more insights on VR trends, explore our coverage of virtual concerts and Facebook’s Oculus strategy.
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