(Via CNW)As mentioned earlier, Felix and Paul Studios has closed a Series A funding round of $6.8 million dollars. (Caisse de dépôt et placement du Québec is investing in this round led by Comcast Ventures, alongside LDV Partners and existing investor Phi Group.) They will be using the money to expand capacity on their production team, enhance their cameras as well as their editing suites, and distribute their content among many Virtual Reality platforms.
As a high quality facility factoring in Virtual Reality experiences, the studio will be able to expand to more markets across the globe and go further on their trail toward showing audiences the amazing world of Virtual Reality in story form. Comcast Ventures Managing Director Michael Yang has said, “Their stories have touched audiences all over the world and their pieces are award winning. We were attracted to their artistic vision, their track record with viewers, and their full technology stack.”
La Caisse of Quebec bases its support on a belief in VR as “a sector bound to grow significantly in years to come” says Christian Dubé, Executive Vice-President, Québec.
Michael Yang himself will be be joining the board of directors at Felix and Paul Studios to help plan projects.
Jason Rubin, Head of Content at Oculus, expresses appreciation for Felix and Paul stating, “Felix & Paul are incredibly talented filmmakers that have been pioneering VR since the earliest Oculus dev kits. They’ve continued to push the boundaries of cinematic VR and are instrumental in the growth of the medium. I can’t wait to see what they’ll do next!”