Félix & Paul Studios raises $8.7 mln in Comcast-led Series A

Canadian cinematic virtual reality (VR) producer Félix & Paul Studios has secured about $8.7 million (US$6.8 million) in a Series A financing. Comcast Ventures, an affiliate of U.S. media business Comcast Corp, led the round. It was joined by Caisse de dépôt et placement du Québec, LDV Partners and Phi Group. With the deal, Comcast Ventures' Michael Yang will join the company's board. Founded in 2013, Montréal-based Félix & Paul has developed a platform for live-action VR filming and post-production. It will use the funds raised to grow its team and production capacity, enhance its VR cameras and software suite, and expand its presence in global markets.