Business of Games: studios that raised funds in August, investment round-up

CARtic P
2 min readAug 12, 2024

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Investment round-up, with a list of studios that got funded in the August 1st week:

  1. Amber acquires Madbricks
  2. Social First secures $4.2m in funding
  3. South Korea’s Hybe IM raises $80M for games
  4. Oneiric11 Gaming raises $1 Mn in pre-Series A funding
  5. Nazara acquires UK-based Fusebox Games for $27.2 Mn
  6. Nazara’s Absolute Sports acquires assets of DeltiasGaming
  7. Ex-Hitman, Raid: Shadow Legends devs found Chamo Games
  8. Cartridge raises $7.5M in funding for on-chain game development
  9. Second Dinner invests in W4 Games and will make Godot games
  10. 11 Bit Studios partners with Skybound on Frostpunk 2 Special Edition
  11. RallyHere partners with ProbablyMonsters to launch two new titles
  12. MixRift Secures $1.6M Funding Round to Make the ‘Angry Birds’ of MR
  13. Bitkraft invests in Gam3Girl Ventures to help Web2 devs move to Web3
  14. Curio announces $5.7M funding round, launches new strategy game Duper
  15. Industry veterans partner to launch game publisher Digital Bandidos for indie developers
  16. Former NFL star and ex-Activision producer team up to launch new mobile game studio Marauder Tech
  17. AI agent maker nunu.ai has raised $2 million in a pre-seed round from a16z Games Speedrun, Boost VC, Y Combinator, and angel investors

2nd week:

  1. Keywords has acquired Wushu Studios
  2. TON Ventures Reveals New $40 Million Fund
  3. Reforged Labs raises $3.9m in funding round
  4. Reforged Studios acquires Ground Shatter and Extra Mile Studios
  5. Krafton leads Eschatology Entertainment’s $11.3M Series A funding
  6. Autoverse Studios raises $8M for Auto Legends drag-racing Web3 game
  7. FRVR raises $12.7 million towards AI engine and games democratization
  8. Gamee gets investment from TON Ventures to make Telegram mini-apps
  9. Google opens its $2m fund for Latam Indies. Each studio will receive between $150,000 to $200,000
  10. Krafton announced in its quarterly earnings it has acquired Tango Gameworks, including rights to the Hi-Fi Rush intellectual property.

3rd week:

  1. Mudstack raises $4M to manage assets for game devs
  2. Sporty Group moves into games as it acquires Sociable Soccer
  3. Virtuos completes acquisition of UK games studio Third Kind Games
  4. Publisher Headup establishes new independent studio Goon Squad
  5. Nazara has completed 100% of the acquisition of Fusebox Games UK!
  6. Soulbound raises $4M for Web3 social gaming ecosystem

4th week:

  1. Legend of Arcadia raises $4 million
  2. PTW acquires Ghostpunch Games for $13m
  3. Flame Fatales raises $118,000 for Malala Fund
  4. Slitherine acquires Combat Mission developer Battlefront
  5. Gameplay Galaxy raises $24M to build Web3 competitive ecosystem
  6. Blockchain studio Double Jump Tokyo nets $10M from SBI Investment, Sony, and others

With Love, Cartic P
/ @iCartic.com

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