Gaming Africa
Senegal sets up a new gaming hub
The country is aiming to become a focal point for West Africa’s gaming industry
Funding
UK video game industry to benefit from additional $5m boost
The boost comes as part of a larger plan to boost creative industries by $50bn
Funding
Turkish studio Spektra Games receives $1.25m investment
The funding round was co-led by Ludus Ventures and The Games Fund
Creating Connection
BebopBee raises $4 million in funding to inspire "real-world connection" through mobile game brands
Investment from Bitkraft Ventures, Courtside Ventures, Andover, Goal Ventures and more
Funding
Mobile games veterans raise €4m in seed funding for new studio, Cosmic Lounge
The studio is headed by former King, Seriously and Rovio staffers
Rebrand & Investment
Grand-Attic games, formerly Hadi, raises $5.3 million
The cash and rebrand came as part of a seed-2 round
Success In Funding
Reactional Music raises $2.05 million in pre-series A funding round
The platform aims to connect music and players for game developers
Unity For Humanity
Unity announces the winners of its 2023 Unity for Humanity Grant
The winners will receive a share of a $500 thousand prize pool, plus mentorship and technical support
Konvoy Report
Gaming market to reach $201 billion in 2023
Asia dominated Q1 in terms of deal value, but came second to America in terms of volume
Football Funds
Soccer Manager creator Invincibles raises £1m for two new games
Investment is the latest in repeat funding from Mercia
Success In Funding
Turkish hypercasual developer Gulliver’s Games gains $1.5 million in second-round funding
The studio developed idle game Restaurant Tycoon
Seed Secured
Mystic Games seed round aims towards bringing Web3 mobile games "into the mainstream"
Veterans from King, Rovio and more looking to democratise digital ownership
Web 3 Ip
Brazilian Web3 dev Jungle raises $6 million in funding round
Web3 mobile shooter expected to launch later this year
A Team Of Veterans
Former Riot Games execs raise $55 million in Series A for new studio Believer
Investments came from Lightspeed Venture Partners, Bitkraft, 1Up Ventures and more
Funding
Mobile game subscription start-up Multiscription announces $1.6m funding round
Multiscription seeks to offer developers a way to incorporate subscription services into their games
A Year At Homa
Victor Vielliard reflects on Homa’s "landmark" 2022, from 1 billion downloads to 20 new games
Social media milestones, game installs, funding and more highlighted in LinkedIn post
Game Funding
Take-Two’s Private Division marks fifth anniversary with unveiling of new development fund
The Private Division Development Fund will support independent development teams
A Platform To Empower
The Mirror platform aims to someday be "akin to a next-gen Roblox"
$2.3 million raised in pre-seed funding; led by Founders Fund
Music Metaverse
Animoca Brands acquires majority stake in music metaverse platform PIXELYNX
The company is helping people discover new music – and new ways to monetise it
Successful Funding Round
Roboto Games raises $15 million in Series A funding round
The funding round included participation from Animoca Brands and Ancient8
Irish Tax Incentive
Ireland launch tax credit to support game developers
Companies can claim 32% of development costs back
Collaborations
Challengermode and PUBG partner to fund amateur esports tournaments
The esports platform Challengermode and PUBG Mobile have partnered to integrate support for, and fund, amateur esports across the globe
Anything Is Possible
Anything World raises $7.5 million to make 3D content creation more accessible than ever before
The capital was raised in a funding round with investment from Acrew Capital and Alumni Ventures
Success In Israel
Everybuddy Games raises $15 million in Series A Funding Round and is on a mission to build mobile games
The funding will be used to scale the top-grossing Lucky Buddies
Series A Success
Odyssey Interactive raises $19 million ahead of Omega Strikers mobile launch
Series A round led by venture capital fund Makers Fund
Raising A Seed Round
Muus Collective raises $5 million in Seed Round to increase diversity in gaming and fashion
Seed Round led by venture firm Griffin Gaming Partners
Series B Secured
Homa raises $100 million in Series B to expand its platform
Funding round led by Quadrille Capital and Headline
News
Additional $40 million of funding raised by Well-Link, the graphics as a service provider
Mihoyo, Developers of Genshin Impact, were part of the second round of investment conducted by the GaaS provider.
Fighting Terrorism
Department of Homeland Security funds research into extremism in gaming
$700,000 will go towards a program aimed at understanding the issues further
$1 Million In Funding Raised
Game studio Flick raises over $1 million in investments
The studio behind Flick Solitaire has raised over $1 million in investments with contributions from the likes of Miniclip
Big Bucks
RDC 2022: Select Roblox devs set to receive half a million dollars in funding
Roblox’s Game Fund will see a limited number of developers on the platform receive a minimum of $500,000.
Series A
Xterio game publisher and developer raises $40M for mobile Web3 games
Xterio has raised over $40M in a round of Series A funding including investors such as Animoca Brands and FunPlus.
Funding Round
Temasek to head funding round for Animoca Brands
The investment sees Temasek double down on its interest in Web3 companies
Successful Investment Round
Stratosphere Games raises $3 million in recent investment round
1Up Ventures, Skycatcher, and developers of League of Legends, Riot Games, invested 3 million euros in the Berlin-based development studio
Mobile Price Index
How to value a mobile games studio
As the number and value of M&A continue to rise, Martin Macmillan, CEO of Pollen VC outlines a 'rational framework' for valuing a mobile gaming studio
A New Challenger Approaches
55 per cent revenue share in the new hypercasual developer challenge by CrazyLabs
Studios can test as many games as they like, pass the benchmark and win again and again with different games
The Sporting Metaverse
Sports metaverse platform, Stadium Live raises $10 million in Series A
The round was led by KB Partners and Union Square Ventures
Company Partnership
Alternative financing for game developers from Stardust and Sanlo Partnership
Team-up also brings Web3 infrastructure for blockchain titles
Working On Web3
Mighty Bear Games raises $10 million to launch Web3 games
Investment led by Framework Ventures
Xr Funding
XR Games raise $7 million in funding round
The studio will use the money to supercharge growth
Bounty Hunting
CloudFeather Games raises $1.25 million in seed funding round
"Bounty Hunting" SDK aims to tap into competitive side of gamers
Committing To Casual
Turkish mobile puzzle games developer Cypher Games raises $3.2 million
Investment will be used to expand the team sixfold, open a new office in Berlin, and create the firm's first casual title
Hot Five
Hot Five: Axie Infinity's utility currency value hits $0.004, Apex Legends is the most downloaded iOS game, and former King team raises $3mil for Bitcoin gaming
The hottest news articles on PG.biz
Backing Blockchain
Azra Games raises $15 million for former Star Wars: Galaxy of Heroes exec's blockchain gaming project
Azra Games has secured $15 million in a seed round led by Andreessen Horowitz from both its games and crypto funds
Network Test
N3TWORK Studios secures $46 million for Web3 games
Independent company formed following Forte’s acquisition of N3TWORK technology platform
£10 Million Fund
Eric Seufert launches $10 million investment fund supported by Supercell, Huuuge Games
Heracles Capital fund partners include Supercell, Gamejam CEO Christian Calderon, and Huuuge Games CEO Anton Gauffin
Gimme That
Despite record Q1 2022 for declared M&A, value of closed deals decreased
23 per cent decrease in closed deals over 2021, although significant spike throughout rest of 2022 anticipated should MS/Acti, Take-Two/Zynga, and Sony/Bungie deals complete
Casual Crypto
Yomi Games raises $2 million to become the "Zynga of Crypto"
Will develop play-to-earn casual social games to be more accessible for those entering crypto gaming
Play To Win
Monster League Studios raises $2 million for blockchain-based esports platform
Will feature a series of sports-based games, starting with soccer and later tennis, hockey, basketball, and more
Investment Incoming
Coda Payments receives $690 million in further funding
Investments from Smash Capital, Insight Partners and GIC