Drake Star Report
Drake Star: Quarter 3 of 2022 saw 81 new mergers and acquisitions totalling billions of dollars
Over 300 deals were made from July to September, Embracer Group led the pack with eight acquisitions
Drake Star Report
2022 has seen 976 deals, with Microsoft’s acquisition of Activision Blizzard topping the charts
Drake Star analyses the gaming markets in its Global Gaming Industry Report
Investment Incline
AppQuantum’s new Business Acceleration Program offers casual and midcore developers up to $1 million investment
From a total pot of $10 million, with potential to expand
News
Mayor of London renews pledge of £1M for video games sector, plus the return of London Games Festival
Sadiq Khan has announced his intention to renew a £1M investment into Games London, an organisation devoted to promoting the game sector in the city.
News
Turkish mobile developer Magic Games secures $5M in seed funding
In another significant Turkish investment, the newly established developer Magic Seed has reportedly secured $5M in seed funding from the Makers Fund.
News
Turkish mobile developer Umuro secures significant investment
The Turkish studio which produces games on iOS, Android and Google Play has secured $1.75m in investment from a Turkish firm.
Series B Secured
Homa raises $100 million in Series B to expand its platform
Funding round led by Quadrille Capital and Headline
Fresh Investment
Cathay Capital invests in Shiro Games
The investment will support the development of two unannounced projects
Investment
TruePlayers secures £225,000 investment
The investment money will go towards future hires and the creation of more mobile games
Playstation Expansion
PlayStation eyes new investment in mobile and PC
The company continues to expand its interests
Saudi Arabia
Saudi Arabia eyes up acquisition of major publisher
The acquisition is part of a $38.7 billion games strategy
News
Napster set to return in Web3 & Metaverse debut
The pioneering free streaming service is set to return and has already picked up an ex-Roblox exec with a background in virtual concerts.
Investments
Theorycraft Games raises $50 million in funding
The successful Series B funding round was led by Makers Fund
Investments
Industry Vets create InfiniGods blockchain game studio
The blockchain developer has secured significant funding and is set to release its first game
Funding Round
Successful $1.5 million funding round for Sceneri
Sceneri have secured a funding round from SNÖ Ventures which will go towards the creation of a 3D development platform
Investment
Cosmo Media Labs launches with investment from The Sandbox
The Sandbox expands with its first financial stake in production studio Cosmo Media Labs
$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
Animoca Brands Secures Funding
Animoca Brands raises $110 million in funding
Animoca Brands had a successful funding round of $110 million the round was led by investment company Temasek
Successful Funding Round
Gameplay Galaxy closes $12.8M seed funding round
Gameplay Galaxy have secured a seed funding round of $12.8M with Blockchain Capital leading the round
Here Comes The Sun
Netspeak raises $12 million in Series A
The investment will help fund social title Sunshine Days
Tencent X Guillemot Bros
Tencent now owns 49.9 per cent of Guillemot Bros
The investment follows reports that Tencent was seeking majority control of Ubisoft
Mobile Games Studio Secures $750k Investment
Gulliver’s Games Raised $750k Seed Investment Round
Multiple investors with Boğaziçi Ventures leading the way.
Investment
Metaverse Magna raises £3.2M in latest seed funding round
Multiple investors including WeMade participated in the round
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
Funding The Future
Sprocket Games raises $5 million in funding round
The investment will support development of the company’s debut title
Investment Success
WePlay Ventures and Lima Ventures sell UDO Games shares to Taleworlds
The sale comes just a year after the initial investment
New Aaa Studio
NetEase Games invests $13.2 million in Jeff Gardiner's new studio, Something Wicked
Former project lead at Bethesda will use the $13.2 million from NetEase Games to develop Something Wicked's debut title Wyrdsong
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
Investing In The Future
njoyKidz receives first investment round on a $5 million valuation
The round was led by WePlay Ventures
New Investment
Azur Games invests in French studio Pinpin Team
The company has acquired 30% of Pinpin Team
More Equals More
Embracer Group announces several acquisitions and new operative group
The Swedish video game and media company revealed the firm entered into an agreement to acquire IP rights to the Lord of the Rings and the Hobbit literary works by J.R.R Tolkein.
Another Acquisition
Aonic acquires exmox for nearly $100 million dollars
“exmox possesses an expert level of knowledge and has a unique marketing platform which will substantially strengthen the future growth of Aonic," said Aonic co-founders
Bold New Moves
Unity attracts major, local investors as it expands into the Chinese market
The move has attracted investments from some of the country’s tech giants
Gtr 2022
Global Top Round heads to Sweden for 2022 Conference
Ten developers will receive investments starting at $40,000 dollars.
Stocks And Shares
Tencent reportedly seeking larger stake in Ubisoft
The rumoured stake raise will see Tencent become the single largest shareholder in the company
Space Ape X Supercell
What is Space Ape doing with all that Supercell money?
Following Supercell’s $37 million investment, Space Ape Games founder Simon Hade outlines the developer’s scaling plans, including expanding its publishing division with three Beatstar-equivalent titles
Working On Web3
Mighty Bear Games raises $10 million to launch Web3 games
Investment led by Framework Ventures
Success In The Industry
L8 Studios closes pre-seed investment round
The round included participation from WePlay Ventures and Lima Ventures
Xr Funding
XR Games raise $7 million in funding round
The studio will use the money to supercharge growth
A Big Investment For Space Ape Games
Supercell makes a further $37 million investment in Space Ape Games
Supercell increases its stake to 75%
Furthering Funding
Konvoy launches new $150 million fund to invest in early-stage game companies
Previous investments made in Axie Infinity, Gamefam, Legends of Learning, and more
Veering To Vr
NetEase takes its first steps into Polish games market with latest investment
Polish studio Something Random receives "several million dollars"
Hot Five
Hot Five: layoffs at Unity, Niantic, and Adjust and AppLovin, 505 acquires D3, and Google's $90mil developer fund
The hottest news articles on PG.biz
People's Platform
Soba raises $13.6 million in seed round to help gamers make games
User-generated content platform now in closed Alpha
Bit Of A Clash
Former Supercell devs raise €5 million in Round A
Eric Seufert's investment fund, Heracles, leads on support for BIT ODD, created by Clash of Clans and Clash Royale leads Lasse Louhento, Jani Lintunen, and Taneli Oksama
The Mobile Games Glossary
The mobile games industry glossary
A living A-Z of mobile games industry terms you should know
Bounty Hunting
CloudFeather Games raises $1.25 million in seed funding round
"Bounty Hunting" SDK aims to tap into competitive side of gamers
Bright Spot
Lumi Interactive raises $6.74 million for “crowdhealing” mobile game
Andreessen Horowitz, 1Up Ventures, Galileo Ventures, Heracles Capital, and Emily Greer participate in funding round
Square Clouds
Square Enix invests in cloud gaming company Blacknut
Strategic investment intended to support Square Enix's "vision for the future of gaming"