Game Development
Game Design
Business Of Games
Icartic
Business of games: studios that raised funds in August, investment round-up.
2 min readAug 7, 2023
Investment round-up, with a list of studios that got funded in the Aug 1st week
- Playtika acquires Youda Games for up to $165M
- A16z Games commits $75M to Speedrun game startup accelerator
- Yudiz Solutions to launch IPO on 4 August with Rs 10 face value — the combined space of blockchain, AI, and gaming to publicly enlist
- Zibra AI raises $500,000 from a16z Speedrun
- Studio Billion receives investment from Aura B4YO Fund, WePlay Ventures, and Lima Ventures
- Inworld AI’s company value exceeds $500 million with the latest funding
- Reactional Music and Amanotes announce a new partnership
2nd week:
- Windup Minds raises $1.6M to build virtual pets in VR and MR
- Japanese mobile entertainment company Mixi to invest $50m in Indian market
- Krafton commits to massive $150m investment in Indian startups
- Gem Capital sets aside $50m for Eastern Europe game studios
- Windup Minds, a new studio with talent from Oculus, Niantic, Magic Leap, wants to bring virtual creatures into your headsets. The studio announced a $1.6 million close of pre-seed fund.
- Telltale has acquired Flavourworks for an undisclosed sum
- Blue Ant Media and Marblemedia merge into one unified studio
- Rollic partners with Power Slap for new mobile game
3rd week:
- InMobi acquires consent management platform Quantcast Choice
- Remote Control Productions and AUCTUS Capital Group partner to form Prestiged Gaming Group
- Made on Earth Games raises $3.2m in seed funding round
- Prytania Media launches two new game development studios — Dawon Entertainment and Fang & Claw
- ZTX raises $13M for Web3 virtual world and creator platform
- Take-Two Interactive subsidiary Rockstar Games purchased Cfx.re
- Monetizr, a Latvian in-game advertising platform for mobile gaming, raised $4 million in venture funding
- Hungri Games joins the portfolio of Boğaziçi Ventures
- Haveli Investments acquires minority share in Match Masters developer Candivore
- Nazara Technologies to invest $500,000 in Israeli gaming startup Snax Games
- new studio: Incite Interactive from Nicolas Coderre, Dan Fessler, and Andrew Friday
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4th week:
- Netflix and XSET veterans form Midwest Games
- Behaviour Interactive acquires Dutch studio Codeglue
- British developer Scriptic raises $6.2 million in second seed round
- Play Ventures, a Singapore-based venture capital firm, has secured $78 million for its third gaming fund
- NoExit Games secures investment over $4 million valuation
- Mega Fortuna secures $2.3 million in seed funding
- PUBG maker Krafton partners with Ironmace Games to develop Dark and Darker Mobile
- Studio expansion: Virtuos opens new Prague studio
- Studio expansion: NetEase opens new studio T-Minus Zero Entertainment headed by MMO vet Vogel
Cartic P, iCartic.com









