Malmö-based VR startup Cross Reality, known for its turn-key multiplayer VR gaming solutions tailored for arcades and entertainment venues, has secured €300K (SEK3.4 million) in funding from existing investors, Swedish Tech News reports.
Cross Reality’s founders Patrik Zalewski and Marie Möller bring extensive experience from gaming and VR fields, working to make VR gaming accessible and user-friendly. Founded in 2019, Cross Reality developed the CRES™ platform, a full-service VR experience offering wireless technology, easy setup, and multiplayer capabilities in spaces as small as 100 square meters. Their “free to roam” technology, which allows up to ten players without bulky equipment, reducing downtime with easy battery exchanges.
The company reported a significant 300% increase in revenue in 2023, with SEK3.2 million in earnings. The funding will support expansion following high demand from Sweden and abroad, enabling Cross Reality to refine its user-focused platform that caters to both VR newcomers and experienced players.
Martin Walfisz, a veteran in the gaming industry and Cross Reality board member, sees the company as bridging the gap for users who seek immersive VR experiences at a lower cost, making VR an attractive option for venues worldwide.
