Business of Games:🔊 Shout out to new studios, and game funds… (Dec 2022)

4th week

1. Tencent acquires a 20% stake in SHIFT UP
2. Ndreams acquires VR dev partner Near Light
3. Moon Active to acquire Zen Match from Good Job Games
4. Rainmaker Games has raised $4.7M

3rd week

1. Splash Damage acquires Bulkhead to develop a new Transformers shooter
2. Keywords Studios acquires LabCom, a PR firm
3. Metaverse company Infinite Reality will go public through a special purpose acquisition company, or SPAC. The deal will make $128 million available to the company at a valuation of $1.85 billion
4. Starbreeze muses new IP buys after going all-in on Payday
5. Jagex acquires Gamepires
6. Web3 games publisher Fenix Games raises $150m
7. Turkish studio Pink Games has a $1.2 million valuation after the first investment
8. Jarvi Games raises $3m in a seed funding round
9. Anima raises $3M for augmented reality protocol
10. Mars Labs partners with DWF Labs and receives a $1M investment, for the metaverse game platform, The Mars Metaverse
11. Cubzh raised $3M for its next-generation Minecraft

2nd week

1. Nickelodeon and Outright Games partner on new Paw Patrol game
2. Keywords Studios has announced the acquisition of customer support platform Helpshift for up to $75 million
3. Animoca Brands acquires Pixelynx, a music metaverse platform
4. GameOn receives $35 million in Series B funding
5. The Mirror raises $2.3m in pre-seed funding round
6. Splash Damage acquires Bulkhead
7. Gankster raises $4m in seed funding round, plans to make esports accessible to casual gamers
8. Blockstars raised $5M in a round led by Play Ventures
9. 1047 Games bought anti-cheat software EQU8
10. Netflix acquired Spry Fox
11. Modl.ai raised $8.5M from GGP
12. Freedom Games raised $10M in a round led by Play Ventures
13. Playgig, led by a former Riot team, announced a $10.85M seed
14. Earnings: Rovio | EA | Capcom | Sony

1st week

1. Tencent increases its stake in Remedy Entertainment
2. Roboto Games raises $15 million in Series A funding round
3. Game developer Maze Theory and Web3 tech company Pluto Digital have officially combined to establish Emergent Entertainment PLC
4. HitBox Games raises $1.6M for hack’n’slash Web3 game Swords of Blood
5. Burn Ghost raised $3.1M from BITKRAFT and Draft Kings

Cartic P, iCartic.com