Outplay’s backers also include Pentech Ventures and the Scottish Investment Bank, which also participated in the round.
The firm noted that free-to-play games dominate over traditional paid-for titles and the gaming market is currently worth $35bn.
Outplay said it will use the funds to invest in the people and resources it needs to deliver a full pipeline of planned global releases.
Oxford Capital investment director Martyn Holman said, “We have for some time been seeking an appropriate opportunity to invest in the segment, but in a market with such a diversity of consumer choice it has taken a company of truly differentiated capability for us to commit.
“Outplay has built an impressive portfolio of increasingly higher quality, commercially successful games. They have made significant breakthroughs in a crowded market space by building on each prior success.”
Earlier this month Oxford led a £4.75m investment in London-based software company Intent HQ.
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