Hot Five
Hot Five: Playtika layoffs could reach 250, Supercell invests $60mil into Love & Pies, and Square Enix commits to NFTs
The hottest news articles on PG.biz
Supercharged
Exclusive: Supercell breaks ground with first investment in NFT gaming
Oxalis Games has raised $4.5 million in a seed round led by Blocore and including Supercell, Animoca Brands, and Sir Ian Livingstone
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
Be Seeing You
Founded by Rovio and Zynga veterans, Village Studio has raised €2.1 million
Will Luton, Cyril Barrow, and Tak Fung's Village Studio aims to confront the issue of interoperability in blockchain and Web3 games
Supercharged
Supercell acquires majority stake in Trailmix with $60 million investment
Majority stake follows 2018 investment of $4.2 million in the London studio
Join The Collective
Game economics platform Machinations.io raises $3.3 million
Machinations.io has announced a $3.3 million Series A funding round led by Hiro Capital
Flames On The Side Of My Face
Paul Farley’s Firestoke raises $2.2 million
Mobile games industry luminary’s indie games publisher to bridge gap between triple-A and mobile experiences
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
Mamma Mia
Saudi Arabia’s PIF acquires 5% stake in Nintendo
Third major investment in Japanese games companies made for “investment purposes”
£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
Mu To Be Renamed Lemuria
International venture fund Draper Dragon invests in ambitious MU project
MU Web3 infrastructure project will bring Web2.0 games studios into Web3
Report Reveals
Drake Star Partners: Q1 2022 games industry deals casts shadow over entirety of 2021
More deals in mobile than any other gaming segment
Cloud-native Creation
Kakao Games invests $15 million in Playable Worlds to develop cloud-native Sandbox MMO
Metaverse platform also in development
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
Bring The Spoilz
Saudi Arabian Spoilz Games raises $693,000 in pre-seed funding
Will expand portfolio and look to target global games market
Real-time Multiplayer
coherence raises $8 million for real-time multiplayer creation platform
Led by former Playdead CEO Dino Patti
Epic Investment
Sony and Lego invest $1 billion each in Epic Games’ metaverse development
Fortnite creator valued at $31.5 billion
Galactic Funding
Gadsme raises $8 million for non-intrusive ads, backed by Ubisoft
Will invest in "key people" to scale business operations
Reaching For The Sky
Sky Mavis raises $150 million, gears up for launch of Axie Infinity: Origin
Funds will be used to reimburse users that suffered from recent Ronin network hack
Indian Investments
Nazara invests $2.5 million in Bitkraft Ventures
Aims to benefit from future partnerships, M&A, and co-investment opportunities
Indian Investment
Bombay Play quadruples valuation in latest funding round
Raises $7 million in Series A, brings total funding to $9.5 million
Finding Finances
Anzu raises $20 million to further expand in-game ads solutions
New investors in NBCUniversal and HTC
By Creators For Creators
Gamefam raises $25 million to develop and publish Roblox games
Funding used to scale team of digital content creators and games industry veterans
Gathering The Riffraff
Tencent provides "significant" investment to RiffRaff Games
Joshua Boggs rebrands MayDay, hires Guy 'Yug' Blomberg as studio director
Jockeying Into Position
Former EA and Zynga veterans raise $3.5 million for blockchain mobile games
Beginning with horse-related NFT games Photo Finish Live and The Suites
Frvr = Forever
Casual games platform FRVR raises $76 million
Over 1.5 billion players to date, with millions of DAUs
Indian Esports
Indian esports and game streaming platform Loco raises $42 million
Backed by PUBG Mobile developer Krafton
Third Round
Makers Fund raises $500 million for third investment fund
Will continue to invest in founders that are "evolving and innovating" the games ecosystem
Experienced Team
Scopely makes $20 million investment in Burlingame Studios
Studios will partner to develop an "all new experience"
Raising Round
Griffin Gaming Partners raises $750 million for its second fund
Biggest games-based VC fund to date will focus on Web3 and social platforms
Most Read
Hot Five: new Netflix Games releases, Free Fire K-pop collaboration with BTS, and MiHoYo’s nuclear fusion investment
The hottest news articles on PG.biz
Elevating Games
Thatgamecompany receives $160 million investment to scale operations
Will expand team and further game development efforts
Intended Investment
Global Top Round launces year-long seed investment programme
Supporting smaller studios
Blown Away
Mobile games investments surpassed $741 million in Q4 2021
Investments reached almost $4 billion in Q4 2021
Funding Fusion
MiHoYo invests $65 million towards nuclear fusion devices
Contributing to Energy Singularity’s Tokamak research to lower carbon emissions
Arcade Achievement
Antstream Arcade welcome pack surpasses 3 million downloads
After $3.5 million investment from The Atari Group
Pocket Metaverse
Chillchat raises $1.85 million for create-to-earn "pocket metaverse"
Led by blockchain platform Solana's VC arm, Solana Ventures
Pg Connects London
Can't make PG Connects London? Check out what our speakers have been discussing
F2P regulations, off-trend games, and raising investment in your studio among hundreds of topics
Growing Guilds
Animoca Brands and Brinc launch the Guild Accelerator Program to boost P2E ecosystems
Seeking sustainable guilds
Equity Investments
Krafton invests $6.6 million to create and sell NFT avatars
Partnering with South Korea auction platform Seoul Auction Blue
Most Read
Hot Five: Team17’s U-turn on NFT MetaWorms, Netmarble plans NFT projects, and Hiro Metaverse Acquisitions to float on London Stock Exchange
The hottest news articles on PG.biz
Pg Connects London
Road to Connects London: XR Games' Bobby Thandi on raising investment for your studio
XR Games' Bobby Thandi presents a sneak-peak into his PG Connects talk on raising investment, recognising red flags, and the right questions for investors
Testing The Waters
Gardenscapes dev Playrix invests in mobile games publisher AppQuantum
Marks the company’s first investment in an independent publisher
Most Read
Hot Five: Netflix surpasses 8 million game downloads, Social First secures $2.5 million pre-seed investment, and Riot Games accuses Imba of copyright infringement
The hottest news articles on PG.biz
Finding Funds
PortalOne raises $60 million in Series A round for hybrid games platform
Tiger Global leads the investment
Out Of Hiding
Social First launches with $2.5 million backing to create cross-platform, social games
Founded by industry veterans Kim Soares and Mikko Kähärä
Mobile In Menat
WePlay Ventures invested in more mobile companies in 2021 than console or PC
60% of portfolio is mobile games studios
Almighty Acquisitions
Mobile games deals reached $15.5 billion in 2021, says Drake Star
Topped $85 billion in games deals across the board
Merging Media
Dodreams invests $1.4 million to merge games with online videos
Aiming to create grassroots marketers from its playerbase