Funding Round
Mobile market intelligence platform AppMagic raises $3 million
Firm aims to develop new platform features and expand global sales force in key markets
Investmen Report
Early-stage VC games funding hits 12-month high but growth and later stage investments still "very depressed"
Konvoy Ventures report notes "very depressed" VC investment landscape for growth and late-stage games companies
Investment News
Dusk secures $8 million to "reimagine" social multiplayer games
The platform aims to simplify building and playing multiplayer games on mobile by using its Dusk SDK
Early Echo
Echo Chess maker Echo Chunk raises $1.4 million in pre-seed round with a "passion" for AI
Participants include Andreessen Horowitz, Zynga’s Mark Pincus, Opendoor’s Eric Wu, and Roblox’s Stef Corazza
Finding Funds
Former Zen Match devs raise $3m in pre-seed funding round for new studio Grand Games
Developer has already soft-launched Magic Sort and is set to release Car Match later this month
Investment News
Square Enix leads $3.1 million investment round in Soccerverse
The new funds will be used to help accelerate the game's growth
Jobs In Games
Vladimir Markov joins Top App Games as new CEO following strategic investment
"I believe Top App Games is the next billion-dollar business in the gaming industry," said former My.Games CEO Vladimir Nikolsky
Finding Funds
Felicity Games raises $700K in pre-seed to test 10 games within a year
Funds were raised from DeVC, Visceral Capital, and many angel investors
Branching Out
Kwalee takes 3.58% minority stake in Devolver Digital via new equity placing
Devolver have successfully raised around £7.9 million in new investment through recent moves to boost their balance sheet
Game Over?
Finnish startup Bitmagic raises $4 million for AI platform able to create games from text prompts
With Supercell as an investor the company has launched its platform on Steam Playtest as it seeks to "make game creation accessible to everyone"
Fintech Funds
LinQ raises $2.3 million in seed funding to publish real-money games
Drive by DraftKings, Sharp Alpha Advisors, MiddleGame Ventures, and a16z Speedrun participated in the funding
Safety Startup
Tencent, Google and Meta vets raise $45 million in Series A towards online safety startup k-ID
The round was led by Andreessen Horowitz and Lightspeed Venture Partners
Investment News
Narwhal Accelerator injects six-figure funding into game dev tool Magify
Magify's Business Intelligence system platform aims to simplify the game creation process for mobile game developers
Finding Funds
Brainspark Games raises £1.4 million towards building educational AI mobile games
The funding comes from its seventh Innovate UK Investor Partnership grant and a match-funded angel investment
What Investors Want
"Half of investment is going into AI"
Goodbody's Patrick O'Donnell and JKL Capital's Peter Tsang discuss the latest investment trends
Funding Disaster
How Pixion Games lost nearly $2m in seed funding in three days
Studio founder and CEO Kam Punia opens up about the studio being three weeks away from running out of money - before eventually raising more capital
The Web3 Way
Animoca Brands and Everest Ventures Group partner to cross-invest in upcoming Web3 projects
New products and games are on the way from both companies this year
Pgc Helsinki
Connecting investors and gamemakers at PG Connects Helsinki
The very finest curated networking with one-on-one meetings this October 1st
Hot Five
Hot Five: Squad Busters launches globally, AFK Journey gets innovative, and Juicy Button Games has big plans for 4X strategy genre
Our quick-fix roundup of the hottest stories on PocketGamer.biz
New Markets
Azur Games moves into real money gaming with new iGaming spin-off
The new brand will be a separate division focusing on the development and publication of real money and skill-based games
Funding News
GEM Capital commits $5 million investment to Weappy, VEA Games, and Game Garden
All three game development studios are based in Cyprus
Sprouting Seeds
Juicy Button Games raises $3 million in seed round led by The Games Fund
Total Battle, Pixel Gun 3D and Mighty Party creators co-found new studio developing a 4X strategy game
Ugc Investment
“I would love to invest in a studio that’s making a play on Roblox and Fortnite”
Nordic Game Panel discusses Roblox, Fortnite and the games industry's cross-platform future
Investment Round
Gorilla Capital invests in Lola Panda educational apps developer BeiZ
Funding set to help expand the educational apps, which have been downloaded over 40 million times, into new regions and languages
New Way To Ua
Subscrible raises $300,000 to launch ad-free mobile games platform
Start-up aims to reduce UA costs and provide “uninterrupted” gaming
Funding News
Yellow raises $5 million to fuel AI-powered 3D modeling tool
The start-up believes YellowSculpt “is a testament to what modern AI can achieve"
Esports Summit
The Esports Future Summit: 7 things we learned
Jordan’s five-year plan: lessons from industry experts at last week’s conference in Aqaba
Merging And Moving
Q1 2024 saw $2.4 billion in games industry investments, while M&As are up for the first time since 2022
Disney’s investment in Epic Games is responsible for $1.5 billion of that $2.4 billion total
The Web3 Way
Supercell invests in web3 startup GFAL led by King, EA and Activision Blizzard veterans
GFAL has closed a $3.2 million seed funding round to grow its team and accelerate Elemental Raiders
Gaming Trends
TIGA's 10-point plan for 2024 aims to boost UK games industry
The proposed initiatives include new tax credits, a games accelerator, an investment fund, and skills programs, with the potential to create 2,660 development jobs by 2028
Gameexpo Summit
Explore publishing, investment and Web3 at the Dubai GameExpo Summit
The Publishing Power, Investment Insight and Web3 Wonders tracks this May 2nd
Investment News
Auctus Capital Partners and Remote Control to invest in European games companies
Their Prestiged fund will invest in financially stable game companies with earnings before interest, taxes, and more (EBIT) ranging from $531,000 to $21.2 million.
Investment News
A16Z doubles gaming investment with $600M fund as part of $7.2B fundraise
“There’s never been a better time to build a game startup than today," said A16Z partner Jonathan Lai
Investment News
Indie gamers Avalon gear up for global launch with $10 million investment
The studio is focused on creating an MMORPG experience that'll appeal to both web2 and web3 gamers
Hot Five
Hot Five: New VC funds for mobile, Turkish investments, and Baby Shark makes a splash in Brawl Stars
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Gameexpo Summit
Investors connect with hot prospects at MENA's leading games event: Dubai GameExpo Summit
The best MENA market games talents meet international stars in Dubai on May 1st and 2nd
Investment Incoming
Ludus Ventures invests $1M in Turkish studio Midas Games
Midas Games plans to launch multiple titles later in 2024
Investment
A16Z's third Speedrun accelerator is now open with $75 million up for grabs
Only the finest and most ambitious creatives will make the grade, each receiving mentorship and up to $750,000 of investment
Investment News
Wargaming co-founder launches $50 million investment fund Mika Games to support mobile studios
The company aims to invest globally in mobile-first, free-to-play live service games with strong monetisation potential
Funding News
Laton Ventures secures $35 million for games investments in Turkey and beyond
Founder Görkem Türk tells PocketGamer.biz why he's so bullish on games and how Turkey's rising games industry has helped spur its fund raise
Funding Influx
Illuvium raises $12M funding for blockchain games
An open-world creature collector, city builder and autobattler will feature interoperable blockchain elements
New Partnerships
Tamatem Games relocates HQ to UAE after Abu Dhabi investment
The backing aims to help fuel publisher's growth and strengthen the UAE's overall gaming ecosystem
Investing In Innovation
The Inevitable Games Fund will invest up to $100 million in innovative Web3 games
King River Capital, Immutable, and Polygon Labs join forces to invest in the Web3 sector
Investment News
Cloud gaming's Gamestream secures €4.5m in funding to fuel growth
Co-founder and president Ivan Lebeau says, "Few people can afford to buy a console, and even fewer can afford games for €70 each."
Hot Five
Hot Five: Monopoly GO’s next-level UA, Supercell’s psychological analysis, and AI use for NPC dialogue
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Mergers & Acquisitions
Nazara Technologies commits $100 million to expand globally through M&A deals
“We are particularly focused on investing in and acquiring gaming studios globally..." said CEO Nitish Mittersain
Web3 Watch
Blockus secures $4M in pre-seed funding for its plans to transform Web3 gaming
The funding will help to accelerate growth, expand its team, enhance sales, and boost product development
Investment News
Kaedim secures $15 million investment for AI-powered 3D asset creation
The platform offers a toolkit to assist creators in crafting 3D assets, to complement rather than replace artists' efforts
Shifting Shares
Shift Up’s projected valuation up to $2.3 billion after Goddess of Victory: Nikke’s success
Tencent is currently Shift Up’s biggest investor with a 24% stake
The Web3 Way
Gamer Arena nets investment into Web3, AI and esports ambitions
Dutch VC fund Domino Ventures has invested an undisclosed sum into the competitive platform