Funding News
Tag: Investment
Investment News
Fortnite UGC studio Creators Corp gets $2 million investment from Lumina
Funding News
Playgama lands $3 million to simplify HTML5 game distribution
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M&a Advice
Acquiring and selling games: Trends and strategies in 2024
ZiMAD’s M&A manager Yana Vesnina shares on M&A strategies that have shaped 2024
Funding News
Codecks secures €1 million to drive growth and expand project management tool
The funds will help the firm expand its features and enhance accessibility for teams of all sizes
Investment News
Stillfront secures $78 million in successful bond issuance
The new bond framework positions Stillfront for future growth
Funding News
Appcharge lands $26 million to boost direct-to-consumer platform for mobile games
Backers include Supercell, Creandum, Play Ventures and Gillot Capital
Week That Was
Pokémon Trading Card Game Pocket breaks out, industry investment returns, Ever Crisis hits $100m | Week in Views
The Pocketgamer.biz team pick their highlights from the headlines this week and deliver the stories behind the stories
Investment News
WTFund and Nazara Technologies back Norian Games and Xigma Games with $240,000 investment
“This fund is a small step in supporting companies that have made a mark with their innovative games”
A New Focus
Hasbro aims to invest up to $150m a year in games
The company has already invested $1 billion to its gaming division
Funding News
KGeN secures $10 million for web3-powered ‘gamer controlled’ economies
The latest raise brings the company's valuation to $500 million
New Offerings
Minecraft set for real-world attractions with $110m Merlin Entertainments deal
The strategic partnership will see themed rides, attractions, hotel rooms and retail outlets from 2026 to 2027
Finding Funds
Embracer to contribute $423 million towards Asmodee’s near $1bn debt repayment
Funds will change hands provided Miniclip’s Easybrain acquisition is successfully completed
Super Raise
SuperScale raises $1.2 million for analytics service SuperPlatform
New toolset provides datapoints across marketing, product and finance into a single AI-powered platform
Funding For Games
Merak Capital launches $80 million fund to support MENA games start-ups
The accelerator consists of a brief virtual bootcamp, followed by a 14 to 16 week core program
Investment Round
Former Supercell devs at Bit Odd raise $18m investment
Funding round led by Griffin Gaming with participation from Makers Fund, Index Ventures and others
Studio Support
SayGames to invest $30 million in hybridcasual studios over next three years
Publisher will back studios worldwide over the next three years
Investment News
Funstop Games secures $5 million to accelerate game development and expand globally
The studio will use the funds to accelerate its development efforts and expand its portfolio
Investment News
Starform secures $6 million to bolster shooter game Metalstorm
The studio plans to use the new funds to expand its team and reach new players
Web Shop Waves
Neon raises $14 million to create web shops for developers
Funding comes from Thrive Capital, Renegade Partners, a16z Speedrun and others
Investment News
Animoca Brands raises $10m to expand metaverse platform Mocaverse
This latest round follows previous funding totalling $31.88 million
Funds And Finances
Radical Forge raises £2.6m to hire more staff and take on "bigger contracts"
Bright Paw developer receives investment from Mercia Equity Finance’s Northern Powerhouse Investment Fund II
Funding News
Levellr raises $1.75 million for Discord management tools
Company appoints SuperAwesome co-founder Dylan Collins as chairman; aims to add Reddit integration in 2025
New Studio
Supercell invests in Barcelona-based studio Penguin Armada
PC-first developer working on top-down PvP title
Investment News
Konvoy invests in Magic Potion Games to build safe and social immersive experiences
“The gaming landscape is changing, especially for younger audiences"
Strategic Growth
Redwood acquires majority stake in Indian games streaming start-up Loco for $65m
The deal will see Loco expand to global markets
Gaming Trends
Games industry M&A activity hits $2.5 billion in Q3 2024
M&A activity in games has grown for the fourth consecutive quarter
Funding News
Party Icons lands $9 million in seed for mobile-first web3 games
The company plans to develop its web3-enabled functionalities and expand into key markets by 2025
Hot Five
Hot Five: Supercell’s first CMO departs, Unity 6 goes back to basics, and Azra Games raises $42.7 million
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Funding News
AI-powered player feedback platform Live Aware Labs lands $4.8 million investment
The platform helps game developers capture, analyse, and act on player experiences in real-time
Social Superfans
Windwalk raises $4.5 million and launches "superfan" social software platform Harbor
Harbor is a hub for superfans in games, music and more
Getting Gritty
Ex-Star Wars: Galaxy of Heroes GM on raising $42m and building the fourth generation of mobile RPGs at Azra
Project Legends is veering away from the prevalent anime aesthetic and aiming for a Western audience
Phenomenal Funding
Azra Games raises major $42.7 million in Series A to create a mobile RPG for Western audiences
Project Legends is harkening back to 70s fantasy media like Conan the Barbarian
Digital Development
Loot Labs raises $6 million in Bitkraft-led seed round towards digital collectables platform
The firm’s Boxed.GG platform is already established for physical collectables
Funding News
Krafton leads investment round in India studio Deftouch to scale King and develop new games
Krafton India co-led the round alongside T-accelerate Capital and Lumikai Fund
Investment News
UMX Studio secures $4.5 million investment from Jetapult to expand portfolio
Funding will "accelerate" developer's expansion in Saudi Arabia
Spanish Startup
EF Games is hiring developers and artists in Europe following Krafton investment
The startup is currently developing a competitive multiplayer title
Studio Startup
Krafton invests in Mario + Rabbids and Red Dead Redemption veterans at Day 4 Night
The new studio is developing an original IP combining the expertise of Davide Soliani, Christian Cantamessa and others
Funding News
Queensland indie studios secure $1.3 million in latest Games Grants funding round
This latest funding will support 12 games and an additional 40 positions for local developers
Investment
Finnish developer Future Run secures second round of investment led by Supercell
The funds will go towards the continued development of the studio's cross-platform title Riot Ball
Ai Funds
OpenAI raises $6.6 billion making it one of the most valuable companies in the world
The AI and research development company is most widely known for its ChatGPT service
Investment News
Nazara secures $108m to fuel further M&A
Nazara has also acquired an additional 19.35% share in Sportskeeda parent company Absolute Sports
Opening Up?
OpenAI wants to raise $6.5bn at $150bn valuation
Investors eye structural changes and removal of profit cap, according to reports
New Beginnings
Supercell invests in new Finnish studio Redly Games led by former game lead Theo Chow
The Helsinki-based studio is working on a cross-platform 3D adventure game built with Unreal Engine 5
Investment News
Nazara invests $117 million PokerBaazi parent Moonshine
India games firm picks up 47.7% stake in the company
Big Plans
“Treating what we are building not just as a game but as a social platform is very rare"
Social First’s CEO Kim Soares on securing funds to fuel the development of a new cross-platform MMO title that champions social connectivity
Investment News
InMobi lands $100 million for AI-driven expansion and acquisitions
InMobi will use the funds to propel its AI development and deployment efforts
Big-form Investment
PUBG developer Krafton invests $89.5m in audio and short-form video streaming firm Spoon Labs
Deal represents publisher's largest investment in a non-gaming company
Funding News
Turkey's Cypher Games raises $10m to take on match-3 market filled with "too many average-quality titles"
Seed investment round led by The Raine Group
Philosophy Focused
Mother Games raises $5 million to fuel its games ambitions
Its debut title Le Zoo is veering away from "traditional mobile games that exploit the dopamine system to addict players"