Dentsu Inc. Ventures, a venture fund managed by Dentsu Inc., invested in Savioss, a U.S.-based company developing VR entertainment content.

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The text of the Dentsu Inc. news release distributed on December 14 is as follows.

December 14, 2016

Dentsu Inc. Ventures, a venture fund managed by Dentsu Inc., invests in U.S.-based Saviors Inc., a developer of VR entertainment content

Dentsu Inc. (Headquarters: Minato-ku, Tokyo; President: Nao Ishii) announced that its corporate venture capital fund, "Dentsu Ventures Fund 1 Global" (hereinafter "Dentsu Ventures"), has invested in Survios, Inc. (Headquarters: Culver City, California; Founder and CEO: Nathan Burba; hereinafter "Survios"), a U.S. company developing VR entertainment content.

Dentsu Ventures was established in April 2015 to realize open innovation within the Dentsu Group through investments in ambitious startups creating unseen futures and collaboration with portfolio companies. It supports businesses and entrepreneurs not only through funding but also by providing solutions and resources unique to the Dentsu Group to address challenges.

Savios Inc. released the VR action game "Raw Data" in July this year, achieving the world's first VR game to reach $1 million in sales within its first month. The company is currently developing multiple new titles, leveraging its expertise in VR content development. It plans to use the funds raised this time for content production and building distribution platforms, strengthening co-productions with other companies and its global distribution network.

Dentsu Inc. Ventures anticipates that collaborating with technology-driven startups like Savioss will enable it to pursue business opportunities that expand the potential of the VR market, particularly in the anticipated growth of the VR entertainment sector.

Our group will use this investment as an opportunity to support Savioss Inc.'s expansion of its interactive content into Asia and its new business development.

<Image of Savioss's Service Concept>

＜Survios Company Overview＞

Company Name: Survios, Inc.
Headquarters: Culver City, California, USA
Representative: Nathan Burba (CEO)
Number of Employees: 47
Business Description: Planning and development of VR-related businesses
URL:https://survios.com/

<OVERVIEW of Dentsu Ventures>

Name: Dentsu Ventures Global Fund I
Total Fund Size: ¥5 billion
Fund Formation Date: April 2015
Operation Period: Planned for 7 years until March 2022
Investment Regions: Primarily overseas, including Europe, the US, and Asia, with a global investment focus
Investment Stage: Primarily seed/early stage, while also including mid/late stage for a broad, balanced investment approach
Investment Sectors:
(1) Sectors capable of transforming the broader marketing/communications business
(2) Innovative, high-potential new domains, even if not fitting the above
URL:http://dentsu-v.com/

End

Dentsu Inc. News Release
http://www.dentsu.co.jp/news/release/2016/1214-009109.html