The virtual reality gaming industry focuses on creating immersive experiences that transport players into digital worlds. Companies in this sector develop hardware, such as VR headsets, and software, including interactive games, designed to engage users in new dimensions of play. With advancements in technology expanding possibilities, the industry is positioned for growth, as more consumers and businesses explore VR applications in gaming, education, and training. The intersection of VR and social experiences is a significant trend, with companies exploring multiplayer and shared gameplay to foster connection in virtual spaces.

This list highlights 21 companies shaping the virtual reality game industry, with head offices primarily in the United States and Europe. Ranging in size from small teams to larger corporate configurations, these firms, established between 2002 and 2023, focus on game development and novel VR projects. Some firms like Oculus VR specialize in headset technology, while others like Sanzaru emphasize content production. This breadth of expertise underlines a dynamic sector that continually seeks innovation and creative engagement for players.

Read on to discover the top virtual reality game companies.

Top 21 Virtual Reality Gaming Companies

1. Oculus VR

• Website: oculus.com
• Ownership type: Corporate
• Headquarters: Menlo Park, California, United States (USA)
• Employee distribution: United States (USA) 72%, China 19%, Switzerland 4%, Other 4%
• Latest funding: Crowdfunding, $2.4M, August 2019
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: oculus-vr

Oculus VR, founded in 2012 and based in Menlo Park, California, is a technology company that specializes in virtual reality (VR) and augmented reality (AR) products. Operating under Meta Platforms, Oculus VR focuses on creating immersive experiences through a range of VR headsets, including the Quest 2 and Quest Pro. The company has developed a robust online platform that caters to both consumers and businesses, facilitating gaming and social interactions in virtual spaces. Oculus VR has also been involved in various initiatives to support developers, offering resources and tools to create engaging VR content. With a workforce of over 500 employees, Oculus VR continues to push the boundaries of VR technology, making it a notable entity in the gaming industry.

2. Sanzaru

• Website: sanzaru.com
• Ownership type: Corporate
• Headquarters: Foster City, California, United States (USA)
• Employee distribution: United States (USA) 92%, Canada 6%, Georgia 2%
• Latest funding: February 2020
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: sanzaru-games

Sanzaru Games, established in 2007 and based in Foster City, California, is a video game developer known for its focus on creating visually striking and immersive gaming experiences. The company has developed a range of titles across various platforms, with a significant emphasis on virtual reality. Notable games include 'Asgard's Wrath', which received critical acclaim for its engaging gameplay and rich graphics, and 'Marvel Powers United VR', which allows players to interact with iconic Marvel characters in a cooperative setting. Sanzaru has released over 16 titles and continues to innovate within the VR space, particularly under the auspices of Oculus Studios. Their upcoming title, 'Asgard's Wrath 2', is highly anticipated and showcases their ongoing dedication to pushing the boundaries of VR gaming.

3. Survios

• Website: survios.com
• Ownership type: Venture Capital
• Headquarters: Marina Del Rey, California, United States (USA)
• Employee distribution: United States (USA) 98%, Pakistan 2%
• Latest funding: January 2021
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: survios

Survios is a virtual reality game studio based in Marina Del Rey, California, founded in 2013. The company specializes in creating immersive gaming experiences that captivate players. Survios has developed a range of popular VR titles, including 'Raw Data', 'Creed: Rise to Glory', and 'The Walking Dead: Onslaught'. Their games are designed to provide engaging and interactive gameplay, appealing to a wide audience of VR enthusiasts. Survios has also been recognized for its technical achievements and game design, winning several industry awards. The company is focused on expanding its reach into console and PC game development, as well as pioneering cross-reality gaming. With a dedicated team of innovators and storytellers, Survios continues to push the boundaries of what is possible in virtual reality gaming.

4. Schell Games

• Website: schellgames.com
• Ownership type: Private
• Headquarters: Pittsburgh, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Grant), $900,000, July 2019
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: schell-games

Schell Games, founded in 2002 and based in Pittsburgh, Pennsylvania, is a video game developer with a strong focus on virtual reality experiences. The company has made a name for itself with popular titles like the 'I Expect You To Die' series and 'Until You Fall', which appeal to gamers seeking engaging and immersive gameplay. Schell Games operates primarily through direct sales, allowing them to connect with consumers effectively. With a workforce of approximately 152 employees, the company has maintained a steady presence in the gaming industry. Their recent projects, including the upcoming 'I Expect You To Die 3', highlight their ongoing innovation and relevance in the virtual reality space. In 2019, they received a grant of $900,000, further supporting their development efforts and growth in the sector.

5. Vertigo Games

• Website: vertigo-games.com
• Ownership type: Corporate
• Headquarters: Rotterdam, South Holland, Netherlands
• Employee distribution: Netherlands 99%
• Latest funding: $59.0M, September 2020
• Founded year: 2008
• Headcount: 51-200
• LinkedIn: vertigo-games-bv

Vertigo Games, based in Rotterdam, Netherlands, is a video game developer and publisher that specializes in virtual reality gaming. Established in 2008, the company has built a reputation for creating immersive VR experiences that appeal to both consumers and businesses, particularly in the arcade sector. Vertigo Games has developed a range of notable titles, including 'Arizona Sunshine', 'After the Fall', and the upcoming 'Metro Awakening', showcasing their ability to produce engaging content for various VR platforms. The company also operates in the location-based entertainment market, providing VR games to arcades and family entertainment centers through their distribution platforms, HAZE VR and Springboard VR. This dual focus on game development and arcade distribution positions Vertigo Games as a significant player in the VR industry, with a commitment to enhancing the entertainment experience for users worldwide.

6. nDreams

• Website: ndreams.com
• Ownership type: Corporate
• Headquarters: Farnborough, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 99%, Other 1%
• Latest funding: $110.0M, November 2023
• Founded year: 2006
• Headcount: 201-500
• LinkedIn: ndreams

nDreams is a video game developer and publisher based in Farnborough, England, specializing in virtual reality gaming. Established in 2006, the company has shifted its focus entirely to VR since 2013, becoming one of the early adopters of this technology. With a team of around 202 employees, nDreams has developed a portfolio of popular titles that emphasize immersive gameplay and high-quality content. Their games, such as 'Synapse', 'Fracked', and 'Ghostbusters: Rise of the Ghost Lord', have garnered attention for their innovative mechanics and engaging narratives. In November 2023, nDreams secured $110 million in funding, reflecting strong investor interest and support for their future projects. The company operates several studios, including nDreams Studio, Orbital, Elevation, and Nearlight, each contributing to their mission of pushing the boundaries of VR gaming.

7. XR Games

• Website: xrgames.io
• Ownership type: Venture Capital
• Headquarters: Leeds, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 100%
• Latest funding: Series A, $7.0M, July 2022
• Founded year: 2017
• Headcount: 51-200
• LinkedIn: xrgames

XR Games is a video game developer based in Leeds, England, focusing on creating immersive virtual reality experiences. Founded in 2017, the company has quickly made a name for itself in the VR gaming industry. They have developed several engaging titles, including 'HITMAN 3 VR: Reloaded', 'Zombie Army VR', and 'Zombieland VR: Headshot Fever Reloaded'. XR Games collaborates with major studios and publishers, such as Sony Pictures and IO Interactive, to bring popular franchises to life in virtual reality. The company has received significant funding, with a Series A round totaling over 7 million dollars in July 2022, which underscores their growth potential and the confidence investors have in their vision. With a team of 51-200 employees, XR Games is committed to pushing the boundaries of gaming through innovative technology and storytelling.

8. Ready At Dawn Studios

• Website: readyatdawn.com
• Ownership type: Corporate
• Headquarters: Irvine, California, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: June 2020
• Founded year: 2003
• Headcount: 51-200
• LinkedIn: ready-at-dawn-studios

Ready At Dawn Studios, founded in 2003 and based in Irvine, California, is a video game development studio known for its focus on creating engaging experiences for both AAA consoles and virtual reality platforms. The company was established by former members of renowned studios like Naughty Dog and Blizzard Entertainment. Over the years, Ready At Dawn has developed critically acclaimed titles, including 'Daxter', 'God of War: Chains of Olympus', and 'The Order: 1886'. In the realm of virtual reality, they have made a significant impact with games such as 'Lone Echo' and 'Echo VR', which highlight their innovative approach to gameplay and storytelling. The studio prides itself on its technological advancements and artistic excellence, ensuring that their games not only entertain but also push the boundaries of what is possible in gaming. With a dedicated team of around 72 employees, Ready At Dawn continues to explore new ideas and expand its portfolio, particularly in the VR space, where they are actively developing new titles and experiences.

9. Polyarc

• Website: polyarcgames.com
• Ownership type: Private Equity
• Headquarters: Seattle, Washington, United States (USA)
• Employee distribution: United States (USA) 96%, Canada 4%
• Latest funding: Series B, $9.0M, July 2020
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: polyarc-games

Polyarc, Inc. is a video game developer based in Seattle, Washington, specializing in virtual reality experiences. Founded in 2015, the company has gained recognition for its innovative approach to storytelling and gameplay, particularly through its acclaimed titles, Moss and Moss II. These games are designed to provide players with a unique, immersive experience that combines action, adventure, and puzzle-solving elements. Polyarc primarily sells its games through direct online sales, ensuring a direct connection with its audience. The company has also received $9 million in Series B funding as of July 2020, which supports its ongoing development efforts and expansion in the VR gaming market. With a dedicated team and a clear focus on enhancing player engagement, Polyarc continues to contribute to the evolution of virtual reality gaming.

10. Resolution Games

• Website: resolutiongames.com
• Ownership type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 97%, United States (USA) 3%
• Latest funding: Series C, $25.0M, July 2021
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: resolution-games

Resolution Games, based in Stockholm, Sweden, is a gaming company that specializes in virtual reality (VR), augmented reality (AR), and mixed reality (MR) games. Founded in 2015, the company has grown to employ around 131 people and has made a name for itself by creating interactive games that cater to various platforms. Their titles are designed to provide immersive experiences that connect players socially and physically. Notable games include Demeo, a cooperative tabletop adventure, and Angry Birds VR: Isle of Pigs. Resolution Games has also secured significant funding, with a Series C round raising $25 million in July 2021, which underscores their potential for growth and innovation in the gaming industry. The company continues to push the boundaries of gaming with new projects and updates, ensuring they remain a relevant player in the market.

11. Fast Travel Games

• Website: fasttravelgames.com
• Ownership type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 100%
• Latest funding: Series B, May 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: fast-travel-games

Fast Travel Games is a video game developer located in Stockholm, Sweden, specializing in virtual reality gaming. Founded in 2016 by experienced professionals from the gaming industry, the company aims to create immersive games that transport players into richly crafted worlds. Their mission is to deliver unique and engaging experiences that resonate with VR enthusiasts. Fast Travel Games is currently working on several unannounced VR titles, showcasing their commitment to innovation and quality in the VR space. The company operates with a team of around 60 employees, all based in Sweden, and is focused solely on the development of VR games, believing that this focus is essential for crafting revolutionary gaming experiences.

12. Cloudhead Games

• Website: cloudheadgames.com
• Ownership type: Private
• Headquarters: United States (USA)
• Employee distribution: Canada 100%
• Latest funding: Other (Debt), $50,000, August 2015
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: cloudheadgames

Cloudhead Games is a private video game developer based in the United States, specializing in virtual reality experiences. Founded in 2012, the company has gained recognition for its innovative approach to game design, particularly in the VR space. Their flagship titles include Pistol Whip, an award-winning action-rhythm game that combines gunplay with music, and The Gallery series, which offers immersive puzzle and exploration experiences inspired by 80s fantasy films. Cloudhead Games has also collaborated with Valve on projects like Aperture Hand Lab, showcasing their technical expertise and commitment to enhancing VR interactions. With a team of talented creatives and a focus on sustainable development practices, Cloudhead Games continues to contribute to the evolution of virtual reality gaming.

13. Firesprite

• Website: firesprite.com
• Ownership type: Corporate
• Headquarters: Liverpool, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 100%
• Latest funding: September 2021
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: firesprite

Firesprite Ltd, founded in 2012 and based in Liverpool, England, is a video game development company that specializes in creating innovative games primarily for PlayStation platforms. With a workforce of around 131 employees, Firesprite has carved out a niche in the gaming industry by focusing on immersive experiences and engaging narratives. Their notable project, 'Horizon Call of the Mountain', co-developed with Guerrilla Games, is a VR adventure that pushes the boundaries of hardware technology and gameplay. This title has garnered multiple awards, including recognition at the DICE and TIGA Awards, underscoring their impact in the virtual reality segment. As part of the PlayStation Studios family, Firesprite is positioned to continue influencing the gaming landscape with its commitment to quality and innovation.

14. Thirdverse, Co., Ltd.

• Website: thirdverse.io
• Ownership type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Japan 70%, United States (USA) 20%, Singapore 10%
• Latest funding: Series D, $3.3M, March 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: thirdverse

Thirdverse, Co., Ltd. is a virtual reality game development company based in San Francisco, California, with a significant presence in Japan. Founded in 2016, the company specializes in crafting immersive VR gaming experiences. Their notable titles include SOUL COVENANT, a VR narrative action JRPG, and X8, a VR multiplayer hero shooter. Thirdverse is actively expanding its footprint in the gaming industry, as demonstrated by their recent funding rounds, which have raised over $38 million to date. This financial backing supports their ambition to innovate and enhance the VR gaming experience. The company is also focused on building a strong team, indicating a commitment to quality and creativity in game development.

15. Pico Xr

• Website: picoxr.com
• Ownership type: Corporate
• Headquarters: Mountain View, California, United States (USA)
• Employee distribution: China 60%, Spain 14%, United States (USA) 9%, Other 17%
• Latest funding: $775.0M, August 2021
• Founded year: 2015
• Headcount: 1001-5000
• LinkedIn: picoxreurope

Pico Xr, officially known as PICO Immersive Pte.ltd., is a technology company based in Mountain View, California, founded in 2015. The company specializes in virtual reality and mixed reality products, providing a variety of VR headsets and software solutions aimed at enhancing immersive experiences. Their offerings cater to both consumers and businesses, with applications in entertainment, training, and simulations. Pico Xr's products are designed to meet the needs of various industries, including education and healthcare. The company has a significant global presence, with a workforce distributed across China, Spain, the United States, the United Kingdom, and Germany. In August 2021, Pico Xr secured $775 million in funding, underscoring its potential for growth and innovation in the virtual reality market.

16. Owlchemy Labs

• Website: owlchemylabs.com
• Ownership type: Corporate
• Headquarters: Austin, Texas, United States (USA)
• Employee distribution: United States (USA) 98%, Australia 2%
• Latest funding: May 2017
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: owlchemy-labs-llc

Owlchemy Labs is a gaming studio based in Austin, Texas, specializing in virtual reality experiences. Founded in 2010, the company has developed a range of popular VR titles, including the award-winning 'Job Simulator' and 'Vacation Simulator'. Their games are known for their polished design, humor, and accessibility, aiming to provide immersive experiences for a broad audience. In addition to their game development efforts, Owlchemy Labs has been involved in promoting VR best practices and accessibility features, contributing to the growth of the VR community. The studio was acquired by Google in 2017, which has allowed them to leverage additional resources while continuing to innovate in the VR space. Their latest title, 'Cosmonious High', further demonstrates their ongoing commitment to creating engaging content in the virtual reality gaming sector.

17. BigBox VR

• Website: bigboxvr.com
• Ownership type: Corporate
• Headquarters: Seattle, Washington, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: June 2021
• Founded year: 2016
• Headcount: 11-50
• LinkedIn: bigbox-vr

BigBox VR, established in 2016 and based in Seattle, Washington, is a video game developer that specializes in virtual reality multiplayer games. The company is best known for its flagship product, POPULATION: ONE, which offers an immersive battle royale experience that allows players to climb, fly, and build in a squad-based environment. This innovative title has been designed to foster social connections among players, enhancing the multiplayer experience. Founded by a team of industry veterans with backgrounds at major companies like Valve, Disney, Sony, and Microsoft, BigBox VR aims to innovate within the VR gaming sector. The company has not reported any recent funding, indicating a focus on self-sustaining growth and development. BigBox VR continues to engage with its community through regular updates and events, positioning itself as a relevant player in the evolving landscape of virtual reality gaming.

18. Camouflaj

• Website: camouflaj.com
• Ownership type: Corporate
• Headquarters: Bellevue, Washington, United States (USA)
• Employee distribution: United States (USA) 83%, Japan 11%, United Kingdom (UK) 6%
• Latest funding: October 2022
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: camouflaj-game-studio

Camouflaj is a video game development company based in Bellevue, Washington, established in 2011. With a workforce of around 35 employees, the company specializes in creating immersive gaming experiences, particularly in the virtual reality sector. They are known for their work on 'Iron Man VR', which has been well-received for its engaging gameplay and storytelling. Additionally, 'République VR' showcases their ability to adapt and enhance existing narratives for VR platforms. Camouflaj actively engages with its audience through updates and trailers on their website, reflecting their commitment to transparency and community involvement. Their recent project, 'Batman: Arkham Shadow', highlights their ongoing innovation and relevance in the VR gaming market.

19. Cortopia Studios

• Website: cortopia.com
• Ownership type: Private
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 100%
• Latest funding: $2.5M, December 2017
• Founded year: 2016
• Headcount: 11-50
• LinkedIn: cortopia

Cortopia Studios, based in Stockholm, Sweden, is a private video game developer that specializes in creating virtual reality experiences. Founded in 2016, the company has quickly established itself in the VR gaming industry with a focus on innovative gameplay and captivating narratives. Their portfolio includes popular titles such as 'Wands', a competitive multiplayer game, and 'Down the Rabbit Hole', an adventure that invites players into a whimsical world inspired by classic literature. Cortopia's commitment to enhancing the entertainment value of VR gaming is evident in their ongoing projects, including the anticipated release of 'Escaping Wonderland' in 2024. The company has also secured funding, raising over $2.5 million in late 2017, which has likely supported their development efforts and expansion in the VR space.

20. Improbable

• Website: improbable.io
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 81%, United States (USA) 6%, China 6%, Other 6%
• Latest funding: $99.8M, October 2022
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: improbable

Improbable Worlds Limited, founded in 2012 and based in London, is a technology company that specializes in metaverse infrastructure and applications. The firm focuses on developing simulation software tailored for both gaming and corporate use, addressing the evolving demands of the entertainment sector. Improbable has made significant strides in creating immersive experiences that facilitate interaction in virtual environments. Their recent projects include the MLB's Virtual Ballpark, which allows fans to experience live baseball games in a virtual setting, and various multiplayer events that blend gaming with live streaming. The company has attracted substantial investment, securing nearly $1 billion in funding, which underscores its potential and ambition in the metaverse space. Improbable's commitment to innovation is evident in its development of technologies like Morpheus, which supports large-scale multiplayer interactions, making it a notable player in the virtual reality gaming industry.

21. Superhot

• Website: superhotgame.com
• Ownership type: Private
• Headquarters: Lodz, Łódź Voivodeship, Poland
• Employee distribution: Poland 92%, Netherlands 8%
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: superhot

Superhot is a Polish indie video game development studio founded in 2013 by a group of friends who participated in a game jam. The studio gained recognition for its innovative first-person shooter, SUPERHOT, where time moves only when the player does. This unique mechanic, combined with a distinctive visual style, led to widespread acclaim and a dedicated fanbase. Following the success of the original game, Superhot expanded its offerings with SUPERHOT VR, which introduced new gameplay elements and received numerous awards at industry events. The company is focused on pushing the boundaries of game development and continues to work on new projects that aim to redefine player experiences in the gaming industry.

Virtual Reality Gaming Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
Oculus VR	Menlo Park, California, United States (USA)	501-1000	2012	Corporate
Sanzaru	Foster City, California, United States (USA)	51-200	2007	Corporate
Survios	Marina Del Rey, California, United States (USA)	51-200	2013	Venture Capital
Schell Games	Pittsburgh, Pennsylvania, United States (USA)	51-200	2002	Private
Vertigo Games	Rotterdam, South Holland, Netherlands	51-200	2008	Corporate
nDreams	Farnborough, England, United Kingdom (UK)	201-500	2006	Corporate
XR Games	Leeds, England, United Kingdom (UK)	51-200	2017	Venture Capital
Ready At Dawn Studios	Irvine, California, United States (USA)	51-200	2003	Corporate
Polyarc	Seattle, Washington, United States (USA)	11-50	2015	Private Equity
Resolution Games	Stockholm, Stockholm, Sweden	51-200	2015	Venture Capital
Fast Travel Games	Stockholm, Stockholm, Sweden	51-200	2016	Venture Capital
Cloudhead Games	United States (USA)	11-50	2012	Private
Firesprite	Liverpool, England, United Kingdom (UK)	51-200	2012	Corporate
Thirdverse, Co., Ltd.	San Francisco, California, United States (USA)	51-200	2016	Venture Capital
Pico Xr	Mountain View, California, United States (USA)	1001-5000	2015	Corporate
Owlchemy Labs	Austin, Texas, United States (USA)	51-200	2010	Corporate
BigBox VR	Seattle, Washington, United States (USA)	11-50	2016	Corporate
Camouflaj	Bellevue, Washington, United States (USA)	51-200	2011	Corporate
Cortopia Studios	Stockholm, Stockholm, Sweden	11-50	2016	Private
Improbable	London, England, United Kingdom (UK)	51-200	2012	Venture Capital
Superhot	Lodz, Łódź Voivodeship, Poland	11-50	2013	Private

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