XR Games Limited

XR Games Limited is a virtual reality game development studio known for creating immersive gaming experiences across multiple platforms, including notable titles like HITMAN 3 VR: Reloaded and BEATABLE, a mixed reality rhythm game. Founded in 2017 in Leeds, UK, XR Games Limited specializes in virtual reality game development. The company has engaged in 6 deals, with the latest funding round occurring on July 8, 2022, raising GBP 5. 9 million from investors Act Media Ventures, Maven VCT, and Praetura Ventures.

The company was established by Bobby Thandi, who continues to serve as CEO. XR Games develops various virtual reality games, focusing on titles such as BEATABLE, a mixed reality rhythm game launching in Early Access on April 10, 2025, HITMAN 3 VR: Reloaded, and Starship Troopers: Continuum. Their products cater to gamers on platforms like Meta Quest and PlayStation VR, with a strong foothold in North America and Europe, collaborating with AAA game and film studios to create engaging adaptations of popular franchises. The revenue model for XR Games is based on direct-to-consumer sales of virtual reality titles through platforms such as the Meta Horizon Store and PlayStation Store.

Flagship titles like BEATABLE are priced at GBP 7. 99, contributing to a transactional structure that fosters direct sales relationships with consumers. Following the recent funding round of GBP 5. 9 million in July 2022, XR Games plans to expand its team and relocate to a larger studio in the city center.

The funding will support the development of new games, investment in intellectual property (IP), and research into VR and augmented reality (AR) technologies. They aim to enhance their product offerings while exploring new markets to reach more gamers by 2025.