Funding News
Tag: Funding
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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Fundraising
SpecialEffect raises £600,000 for gamers with disabilities in One Special Day campaign
The annual campaign has raised over £3 million across eight years
Investment News
Nazara nets $100m to accelerate strategic acquisitions and expansion plans
“We have our work cut out in front of us to deploy the capital diligently to create significant shareholder values,” said CEO Nitish Mittersain
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
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”
Funding News
KGeN secures $10 million for web3-powered ‘gamer controlled’ economies
The latest raise brings the company's valuation to $500 million
Investment News
Play Ventures secures $140 million to support early-stage game studios
Since closing the funds in June 2023, Play Ventures has already made eight investments
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
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
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
Funding News
3D animation platform Swoove Studios secures $7.5 million in seed round
This brings the studios' total funds raised to $11 million since 2020
Investment News
Maintain Altitude secures $500,000 in pre-seed round to accelerate game development
The studio will use its newly secured funds to accelerate game development and collaborate with music rights holders
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
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
Mena Market
MENA investments recovers after 63 startups raised $282 million in September
This marked a 234% increase month-on-month and a 607% rise year-on-year
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
Funding News
UAE-based Web3 gaming startup PiP World lands $10 million in seed funding
The startup is combining video games, education, and Web3 technology to provide a platform for improving financial literacy
Spanish Startup
EF Games is hiring developers and artists in Europe following Krafton investment
The startup is currently developing a competitive multiplayer title
Building Worlds
Third Dimension raises $6.9m towards generative AI 3D world builder
The tool is being designed for locations real and imaginary, for films, the military and video games
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
Bolstering Buddies
Clout Kitchen raises $4.45m towards League of Legends AI "buddies"
The Backseat AI service offers real-time insight to users seeking to improve their gameplay
Funding News
OpenAI gets $4 billion credit line just days after $6.6 billion funding round
The company now has the flexibility to invest in new initiatives
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
Ugc Games
RIVRS raises €4 million to fuel its user generated content creations
The funds will see more games developed for Roblox, Fortnite and Minecraft
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
Funding News
EdVentures invests in Egyptian education and interactive games startup Saikoro
VC arm provides funding to eight Egyptian startups as it seeks to support country's education system
Pre-seed Power
22 year old raises $3.7 million for Roblox tool platform Gamebeast
CEO Zander Brumbaugh is building his no-code tooling platform for game devs and the military
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
Funding News
Campfire secures $3.95 million for AI-native gaming
Sprites is designed to allow developers to build human-like AI characters
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
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
Ai Integration
Kinetix launches its $1 million fund initiative to accelerate AI-UGC in games
The AI emote creators will offer selected developers up to $75,000 to bring its user-generated emote technology to their games