Business of Games: studios that raised funds in Nov, investment round-up
Investment round-up, with a list of studios that got funded in the Sept last and Nov 1st week:
1. 81Ravens, a Web3 game studio behind the F2P 3v3 arena shooter Paravox, has raised $4.5M
2. Konvoy invests in Magic Potion Games to build safe and social immersive experiences
3. Nazara subsidiary Datawrkz acquires UK’s marketing agency Space & Time
4. 3D animation platform Swoove Studios secures $7.5 million in seed round
5. Redwood takes majority stake in India streaming startup Loco for $65M
6. Germany is supporting game studios with the new funding program
7. Supercell invests in Barcelona-based studio Penguin Armad
8. Maintain Altitude raises $500K in pre-seed funding round
2nd week:
1) Radical Forge raises £2.6m
2) Sega sells Amplitude Studios
3) Atari acquires Transport Tycoon IP
4) Take-Two has sold Private Division
5) Squido Studio raises $3M for social XR game DigiGods
6) Kojima Productions acquires Death Stranding’s IP rights
7) Levellr raises $1.75 million for Discord management tools
8) Incredibuild acquires dev-ops pipeline acceleration firm Garden
9) Supercell establishes London studio with 100% acquisition of Space Ape
3rd week:
1. Metalstorm developer Starform raises $6 million
2. Capcom vet Itsuno heading up new Lightspeed studio
3. Miniclip purchases Easybrain from Embracer for $1.2bn
4. Former Supercell devs at Bit Odd raise $18m investment
5. Neowiz signs $8m publishing deal with game dev Zakazane
6. Neon raises $14M to build direct-to-consumer stores for game
7. Art outsourcer Winking Studios begins trading on the London Stock Exchange
8. Modern Times Group to acquire Raid: Shadow Legends maker Plarium for $620 million
9. Ruckus Games raises $19M for ‘suburban invasion’ RPG shooter with disruptive multiplayer
10. Funstop Games secures $5 million to accelerate game development and expand globally
11. Animoca Brands has raised an additional $10 million for Mocaverse, a platform for building an open metaverse
12. Former Star Wars Eclipse lead writer announces new studio, Republic Games — working on handcrafted dark, mature fantasy RPG
4th week
1. SuperScale raises $1.2M for analytics service SuperPlatform
2. Former Quantic Dream writer forms new studio Republic Games
3. Merak Capital launches $80M fund to support MENA games start-ups
4. SayGames to invest $30M in hybrid casual studios over next three years
5. Play Ventures raises $140M second fund to invest in games and consumer startups
6. WTFund and Nazara Technologies back Norian Games and Xigma Games with $240K investment
7. Game District Acquires Majority Stake in Gleam Games Known for Its Popular Puzzle Game EverBlast
8. Sony is reportedly in talks to buy Elden Ring and Dark Souls developer From Software’s owner Kadokawa
9. Kratos Gamer Network (KGeN), has raised $10M funding in an ecosystem round led by blockchain developer Aptos Labs.
10. Playtika Completes Strategic Acquisition of SuperPlay, Enhancing Portfolio with Hit Mobile Games Dice Dreams and Domino Dreams
Last week of Nov:
1. Codecks secures €1m in funding
2. Star Citizen funding passes $750M
3. Nazara’s NODWIN acquires Trinity Gaming
4. Nazara Technologies has ~$100M through preferential issue
5. Stillfront secures $78M in successful bond issuance
6. Animoca Brands invests into Pudgy Penguins’ headco Igloo Inc
7. Appcharge lands $26Mto boost DTC platform for mobile games
8. Tencent Now Has a Majority Stake in the Wuthering Waves Studio
Take CARe, CARtic P
/ iCartic.com
