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VR Will "Revolutionize" Games and the Entire Media Industry, Eve Dev Says

CCP raises $30 million to make more virtual reality games.


Eve developer CCP Games announced today that it has raised $30 million, funds that it will use to "bolster the development of virtual reality content." The funding round was led by venture capital giant New Enterprise Associates (NEA), with other participation from Novator Patners, a private equity firm.

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"The investment will be used to further position the company to drive innovation in VR as the technology begins to transform the entertainment industry," CCP said in a statement.

As part of NEA's investment, general partner Harry Weller has joined CCP's board of directors alongside Andrew Schoen, another NEA employee.

CCP, based in Reykjavik, Iceland, has two announced VR games coming in the next eight months. Eve: Valkyrie will be a launch title for Oculus Rift in spring 2016 and will also be available for PlayStationVR when it arrives in the first half of 2016.

The other is Gunjack, which is scheduled to launch for the new Samsung GearVR headset this month. In the game, which runs on Unreal Engine 4, players take on the role of a turret gunner in a mining ship. It is being developed at CCP's studio in Shanghai.

"We believe VR will revolutionize not just video games, but the wider technology and media industry as a whole," CCP CEO Hilmar Veigar Pétursson said. "We were there at the beginning, and this investment will give us strength to maintain our leading development efforts."

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