Play Ventures closed its third gaming fund, raising $140 million. As GamesBeat reported, Play Ventures will continue to invest in early-stage gaming companies. However, this round will focus on mobile free-to-play games and AI-enhanced infrastructure and game tools. Play Ventures has made eight investments since closing its third round in June 2023, including AI startup … Read more
Finnish mobile developer Bit Odd has secured €17 million in a funding round led by Griffin Gaming Partners. As reported by The Wall Street Journal, the investment included the participation of Makers Fund, Index Ventures and other contributors. The funding will support its free-to-play multiplayer action game, which is currently in development and is set … Read more
Texas-based studio Ruckus Games has raised $19 million in a Series A funding round led by Krafton. Bitkraft Ventures, Transcend and Hypergryph also contributed to the round, among others. The funding will go towards the development of Ruckus' debut game, a roster-based co-op shooter. The studio previously received $5.5 million in seed funding through the … Read more
Metalstorm developer Starform has raised $6 million in a funding round led by Bitkraft Ventures, with an additional contribution from Dune Ventures. The funds are to go towards further development of the 5v5 aerial combat arena shooter, as well as expanding its Seattle-based team. Starform has recently hired a number of leadership roles, including new … Read more
Outsourcing and development business, Winking Studios, raised 7.9 million. GBP (US$10.1 million) in its dual listing on the London Stock Exchange's AIM Market. This is in addition to “more than $30 million in existing cash resources available to support M&A and expansion into Europe and North America.” Winking said The Placement was backed by its … Read more
Radical Forge has raised £2.6m through NPIF II – Mercia Equity Finance (which is part of the Northern Powerhouse Investment Fund II). With this investment, the Middlesbrough-based studio will be able to expand its team (it currently has 70 employees), take on new projects and look forward to the launch of Southfield in early 2025. … Read more
Mobile music game studio Maintain Altitude has raised $500,000 in a pre-funding round. The investment, led by Hiro Capital, included participation from the angel investors behind Candy Crush and Guitar Hero. Maintain Altitude is currently developing its debut title, Beat Hunter, which it aims to launch for iOS and Android in 2025, with a global … Read more
Games Done Quick Raises Over $45,000 for Hurricane Relief | News in brief
Windwalk has raised $4.5 million in initial seed funding to launch its social community growth tool, Harbor. The company intends to use the investment from a16z SPEEDRUN, YCombinator and Tirta Ventures to “help brands drive viral growth and engage their superfans anywhere on the internet.” Harbor evolves from Windwalk's “connected network of tools and social … Read more
French publisher RIVRS has been awarded €4 million to “professionalize and industrialize” user-generated content (UGC). The company says that with “Strengths [that] lies in its ability to design cross-platform games' such as Minecraft, Roblox and Fortnite, and aims to 'become the world leader in video game UGC creation'. The initial funding round, led by Pléiade … Read more