What is Phaser Lock Interactive?
Phaser Lock Interactive was a creative virtual reality studio based in Austin, Texas, dedicated to the production of immersive virtual reality games and interactive VR experiences. The company also offered integrated VR consultancy services. Their flagship title, Final Assault, is a WWII-themed real-time strategy game meticulously crafted for virtual reality, enabling players to engage in strategic command and troop management within a highly immersive environment. The company's focus on specialized VR development positioned it within a niche but rapidly evolving sector of the gaming industry.
How much funding has Phaser Lock Interactive raised?
Phaser Lock Interactive has raised a total of $398K across 2 funding rounds:
Debt
$150K
Debt
$248K
Debt (2020): $150K with participation from PPP
Debt (2021): $248K led by PPP
Key Investors in Phaser Lock Interactive
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Phaser Lock Interactive?
The substantial large-scale, late-stage funding indicates Phaser Lock Interactive was poised for significant scaling and market expansion. This capital infusion was likely intended to accelerate game development, enhance marketing efforts, and potentially explore new VR platforms or technologies. The strategic investment suggests a strong belief from backers in the company's vision and its ability to capture market share in the burgeoning VR gaming sector. However, the company's recent closure due to economic challenges highlights the inherent volatility and high-risk nature of the gaming industry, even with substantial financial backing.
See full Phaser Lock Interactive company page
