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
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
Platform Power
Live ops platform Magify raises €1 million to enhance AI and reach new markets
Magify has raised further funds towards democratisation, product development and more
Fueling Expansion
In-game audio advertising platform Odeeo secures $5 million funding round for global expansion
The new funds will aid with expansion in key markets such as North America, Asia and the MENA region
Double Jump
double jump.tokyo raises $10 million to bolster web3 games development
The Series D funding round was led by SBI Investment
Funding For Games
Google launches $2 million Indie Games Fund for Latin American studios
Indie game developers who have launched a game on Google Play, PC or console are eligible to apply
Funding News
Reforged Labs secures $3.9 million for gaming ads with GenAI
The funding will be used to enhance its AI capabilities and refine its creative and performance models
Funding
FRVR raises $12.7 million towards AI engine and games democratisation
Iberis Capital led the funding round, while further participation came from Indico Capital Partners, Lince Capital, Hiro Capital and others
Funding For Games
Arkadium expands into third-party publishing with $1 million developer fund
The company will provide funding and resources for high-potential browser-based games that can enhance its network
Investment News
MixRift raises $1.6M to develop mixed reality games
The start-up will use the funds to support and accelerate its efforts in developing MR games in 2024
Funding For Games
South Korea's HYBE secures $80 million investment for games division
The first payment of 61.8 billion won is due by September 6 with the remaining 48 billion won to be paid by October 31st 2024
Funding News
Games studio 2weeks has raised $1.25m in pre-seed funding
The new studio will use the funds to create new projects including web-based titles
Funding For Games
NCSoft invests $3.5 million in Swedish studio Moon Rover Games
The studio will use the funds throughout the development stage of its upcoming FPS game Project Aldous