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Hot Five: Supercell’s mo.co launch, Netflix’s gaming strategy, and an AI seed round
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Merger and acquisition deal value exceeds $11 billion for 2023
Some of the biggest names in gaming restarted their acquisition strategies in Q3
The games industry drew $454 million in VC funding in the third quarter of 2023
The figure represents a 9% decline from the previous quarter
AppQuantum’s Core is the King will invest up to $1M in selected hybridcasual mobile devs
Core is the King is their new programme to support developers making hybridcasual games
Riot-backed Forge raises $11M to launch a platform rewarding gamer communities
Makers Fund, Animoca Brands and Bitkraft Ventures led the round
PUBG maker Krafton invests $14.8 million in alternate app store One Store
The South Korean store aims to expand in the West and take on big tech
Sony Ventures to invest $10M via new fund for African startups
Fintech may be Africa’s biggest funding category, but Sony’s focus is on entertainment
Krafton invests $7M in former Riot and Blizzard artist’s Studio Sai
The Seed Round comes after the success of Eternights and will support development of Sai’s next game
Krafton launches India game incubator with $150k potential investment for local studios
Omada raises $7.5M for a sports game with a twist: tackling gambling addiction
Money isn’t spent or won on bets, providing a healthier alternative
Saudi stakes a $50 billion+ claim in the gaming world - Nintendo, Activision, EA & more
Move over Tencent, Savvy Games and the PIF are THE new market makers in the global games portfolio
Spectarium raises €5M in Seed Round to bolster personalised AI RPG Myths
Each player will have a unique experience by leveraging AI technology