Business of Games: 🔊 Shout out to new studios, partnerships, and game fund

Investment round-up, with a list of studios that got funded in March

March last week:

1. Playground co-founder Gavin Raeburn starts Lighthouse Games to develop AAA game based on new IP
2. Hathora raises $7.6M to democratize multiplayer game development
3. Misfits Gaming launches creator-led Roblox studio Pixel Playground
4. MetaKing Studios partners with Polygon Labs on Blocklords game
5. Keywords acquires Digital Media Management to move into social and online marketing
6. Take-Two Interactive acquired mobile retro-games service GameClub
7. PUBG publisher Krafton acquires 10% of People Can Fly for roughly $32 million

March 4th week:

1. Immutable and Polygon Labs create a strategic alliance for Web3 gamin
2. VentureBeat Lab and Xsolla announce partnership
3. Mystic Games gets a seed round of $1.3M for Web3 mobile games
4. CCP Games raises $40M for new triple-A Web3 game in the Eve universe
5. Arctic7 acquires Narwhal Studios and Star Fort Games
6. Atari to acquire Nightdive Studios for $10m
7. Blockchain firm Yudiz Solutions files draft papers for IPO with NSE Emerge

March 3rd week:

1. TapNation and The Sandbox have partnered up
2. Web3 studio Jungle has raised $6 million in investment
3. Ex-Blizzard leaders Jen Oneal and J. Allen Brack create startup studio Magic Soup Games
4. Blizzard Entertainment alums form Gas Giant Games
5. DressX raises $15M for digital fashion
6. S8UL partners with Krafton to launch Road to Valor: Empires in India
7. Former Criterion leads establish new triple-A studio Fuse Games
8. Abu Dhabi-based investment firm G42 (Group 42) has purchased $100M in Chinese tech company Bytedance at a company valuation of $220bn
9. Bandai Namco Entertainment has invested in DeepMotion (USA) and SuperGaming (INDIA)
10. Flying Sheep Studios receives $1.2 million in funding
11. Maximum Entertainment acquired Fun Labs
12. Passion Punch gets $4 million seed investment
13. The Iterative Collective secures $1.2M in seed round

March 2nd week:

1. Redemption Games spins out of AppLovin and raises $7M
2. Riot vets aiming to shake up multiplayer with new studio The Believer Company with $55M series A funds
3. Animoca Brands Japans invests in Rainshine Global Inc. to take regional content worldwide.
4. Matchday secures $21 million in seed funding
5. Muus Collective raises $5 million and partners with Paris Hilton

March 1st week:

1. Voicemod raises $14.5 million and acquires Voctrolabs
2. The Sandbox expands to Germany with the acquisition of developer Sviper
3. Forspoken developer Luminous Productions is being merged with Square Enix
4. Champions Round has raised $7 million in investment
5. Magic Eden Ventures has invested in 11 Web3 studios
6. Focus Entertainment launches a partnership with Pathea Games
7. Avalon has received a $13 million investment to create a meta-universe
8. ESL FaceIt acquired Vindex
9. VitalXP secures an additional $3 million in a pre-seed financing
10. Immutable partners with Mineloader to speed up the development of Guild of Guardians

Earnings: Playtika | NetEase

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