Business of Games:🔊 Shout out to new studios, and game funds… (Jan 2023)

4th week:

1. GameTech Startup Ratic received $5.27 million in investment
2. Yamy Studio has been valued at $4 million
3. Scenario has raised more than $6 million in investment
4. Games United received a valuation of $60 million
5. House Of Blueberry Raises $6M To Grow Fashion In The Metaverse
6. Bunzz has raised $4.5 million in investment
7. Grilla has raised $3 million for a gaming tournament platform
8. Everdale gets a 2nd chance as Metacore acquires it from Supercell
9. Spatial Labs raises $10M to grow Web3-enabled consumer goods
10. MGVC, the venture capital arm of My.Games, has invested in two new game studios, DC1AB in Portugal and AMT Games in Switzerland
11. Voldex, a studio that primarily builds on Roblox, raised a Series A from a16z
12. Merriam-Webster acquired Quordle
13. Skybound to make a major investment in Mega Cat Studios

Earnings report: Mircrosoft

3rd week:

1. Awesome Games Done Quick raises $2.6m
2. PUBG secures a new partnership with Web3-based Banger Games
3. House of Blueberry raises $6M for digital fashion in the metaverse
4. African mobile games publisher Carry1st raises $27m in funding
5. Neowiz’s Intella X raises $12M for Web3 gaming platform
6. Ex-Jam City execs form Plai Labs with a $32M investment
7. Sandsoft invests $3.25 million in The Tiny Digital Factory
8. Turkish studio Yamy receives $4m investment from UP Venture Capital
9. Games United received $60 million valuation on the first day of 2023
10. Funverse Games receives a $6M valuation investment
11. Neopets Metaverse raises $4 million to bring Neopets to Web3

Talk of the town: Playtika tries to buy Rovio, offers $737.5m

2nd week:

1. Playground Games leaders form new AAA studio Maverick Games
2. Indian developer Giga Fun Studios raises $2.4 million in funding ❤️
3. Catalis Group snaps up Secret 6
4. Keywords acquired Labcom with initial $1 million cash consideration
5. Casual gaming start-up Giga Fun Studios today announced that they have raised $2.4 million in seed funding
6. QYOU Media acquires 51% of Maxamtech Digital Ventures
7. Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF
8. Saudi Arabia’s PIF increases its stake in Nintendo to 6%
9. Indian metaverse platform Trezi raises over $2 million in Series A round from new and existing investors ❤️
10. Seidr raised a seed round led by a16z
11. Ghost Ship Games invests in VR game studio Bolverk Games

1st week:

includes Dec last week's investment too

1. Turkish developer Ace Games lands new $8m investment
2. NetEase acquires Halo Infinite co-developer Skybox Labs
3. Saudi Arabia’s PIF takes control (>50% of shares and 4 of 8 Board Members) of US augmented reality company Magic Leap
4. Web3 mobile game Dogami receives $14M in a seed funding round
5. Gearbox acquires 3D tech company Captured Dimensions
6. Embracer acquired Bloxburg, a Roblox experience for an estimated $100M

Cartic P, iCartic.com