On June 15, 2016, Felix & Paul Studios Inc. announced that it had closed a US$6.8 million round of Series A funding led by Comcast Ventures and including Caisse de dépôt et placement du Québec, LDV Partners and existing investor Phi Group Inc.
Felix & Paul Studios is dedicated to storytelling through the medium of cinematic virtual reality. The studio combines technological innovation with a unique, pioneering and in-depth approach to the new art of virtual reality storytelling.
Phi Group is a multidisciplinary arts and culture organization that cultivates all aspects of creation, development and distribution.
Dean Chenoy and Alexandre Hébert of Miller Thomson advised Felix & Paul Studios in this transaction. Philipp Park and Philippe St-Louis, also of Miller Thomson, advised Phi Group.