The Future Group pulls in $20 mln Series C

The Future Group, an Oslo, Norway-based company, announced it has closed $20M in its Series C capital round.

Major Norwegian investors include leading investment fund Ferd ASA and holding company Aker ASA, with more than 25 other investors participating in the round.

The Future Group recently emerged from stealth in September of 2016 as a company co-founded by Bård Anders Kasin, a former Technical Director at Warner Brothers (on the team responsible for the ground-breaking visual effects in the “The Matrix Trilogy”) as well as renowned Nordic entrepreneur Jens Petter Høili.

A total of $42M has been raised by the company to date, with the existing round intended to fund the market introduction of 2 new initiatives: the Frontier™ Interactive Mixed Reality™ (IMR) platform and a new worldwide IMR primetime game show to be introduced to television networks in early 2017.

Frontier by The Future Group is a highly-scalable 3D visual effects platform. Using Frontier, any production can instantly create both live photo-realistic effects and virtual sets that are seamlessly integrated with anything or anyone from the real world to create the first true IMR content.

“As we prepare to enter 2017, we opened this round of funding to enable our final push into IMR, with both a content development platform in Frontier and as co-developer of a new game show that will redefine what is possible on network, primetime TV. The response from new and existing investors seeking to participate in this new round was both gratifying and exhilarating as we prepare to show the world our complete strategy, vision and most importantly – content,” said Jens Petter Høili, Chairman and Co-Founder of The Future Group.

About The Future Group:
The Future Group is the pioneer in Interactive Mixed Reality (IMR) technology, providing a next-generation platform for broadcast, industrial and entertainment customers to create IMR, VR and AR content. Seeking to revolutionize TV production, mobile gaming and commercial solutions, TFG is based in Oslo, Norway and has about 100 employees. The company was was co-founded by Jens Petter Høili and Bård-Anders Kasin in 2013.

Interactive Mixed Reality™ Frontier by The Future Group™ and Frontier™ are all trademarks of The Future Group AS. All other trademarks and registered trademarks previously cited are hereby recognized as the property of their respective owners.