Virtuos attracts new round of funding

China-based developer Virtuos has secured a new Series B round of funding from Shanghai-based Xuhui Venture Capital.

The firm said the investment will allow it to further increase its employee headcount of over 1,000 staff and expand its co-production capabilities. The exact amount of money raised was not disclosed.

As well as a new funding round, former president of games at Steven Chiang and Boston Consulting Group senior partner Francois Candelon have joined the board as strategic advisors.

“The investment by Xuhui Venture Capital is a great testament to our ongoing success and will strengthen our ability to continue investing in talent and tools as we develop into the preferred partner for publishers and developers worldwide,” said Virtuos CEO Gilles Langourieux.

“In addition, bringing Steven and Francois onto the board will ensure we have the right expertise to manage growth sustainably, while Virtuos focuses on adding value to its clients in order to help them achieve more.”

Virtuos has worked on numerous titles with other developers on a variety of platforms, including games such as Far Cry 4, Watch Dogs and also the recently announced Fairy Fantasy for mobile.