Fourth Wall Studios has finalized a $15 million round of financing from Dr. Patrick Soon-Shiong to launch an alternate reality studio, the gaming company announced on Tuesday.
Soon-Shiong is a billionaire South African-American surgeon and the head of Abraxis BioScience, a biotechnology company developing cancer treatments.
"We’re incredibly honored to have Patrick’s vision and support in building a studio that can offer creators, studios, networks and brands an opportunity to reach huge audiences in new, exciting ways,” Jim Stewartson, Fourth Wall's CEO, said in a statement.
The investment also gives Fourth Wall Studios access to $200 million through Soon-Shiong’s California Capital Equity to potentially finance future projects.
Fourth Wall Studios' products include transmedia stories, multiplayer social games and augmented reality worlds.
The gaming company was founded in 2007 and now numbers 20 employees. But Stewartson and partners Sean Stewart and Elan Lee have worked in the alternate reality gaming industry for more than a decade and were involved in the launch of Microsoft's Halo 2.
