Business of games: studios that raised funds in Oct, investment round-up

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

1. Studio Sai secures $7m in seed funding
2. Sad Cat Studios raises $5m investment
3. Krafton unveils Krafton India Gaming Incubator
4. Kyber Knight Capital, a newly founded venture capital firm, announced a $120M fund to invest in pre-seed and seed-stage gaming and tech companies
5. MTG has acquired Warhammer 40,000: Tactics studio Snowprint
6. Nodwin Gaming’s Singapore arm acquires PublishME
7. Creative UK has introduced Creative Growth Finance II, a new £35M investment fund.
8. Bytro secures €2 million in funding
9. a16z to invest up to $75 million in game and tech startups

2nd week:

1. Sony Ventures to invest $10M via new fund for African startups

3rd and 4th week :

1. Metacore to acquire Merge Mansion and Clash of Clans animators studio Piñata
2. Riot, Wizards of the Coast, and Phoenix Labs vets form Jam & Tea Studios to build multiplayer RPG using generative AI, The studio has raised $3.15M in seed funding
3. King and EA vets form The Experimentation Group
4. Appointments for The Experimentation Group are free, so long as a studio has a mobile casual game with more than 10,000 active users, can “ship a small experiment in two weeks or less,” and is happy to share updates and the lessons it’s learnt with the consultancy group and the industry.
5. Gamester Kids has raised $850,000K in funding
6. Noodle Cat Games raises $12m in Series A funding round
7. Fragbite to acquire Fall Damage
8. Copresence raises $6M for 3D avatar creation platform
9. Zeedz.io raises $1M and launches climate change game on mobile devices
10. Azur Games to acquire portfolio of US hypercasual game publisher Tastypill
11. Upland has raised $7 million in funding for its virtual land metaverse based on Web3 technology
12. Riot-backed Forge raises $11M to launch a platform rewarding gamer communities
13. AppQuantum’s Core is the King will invest up to $1M in selected hybridcasual mobile devs

5th week:

1. Artisan Studios expands in Saudi Arabia with a new studio
2. Harmony Games raises $3M in seed round to build an AI puzzle game
3. Tencent acquires two million shares in Goddess of Victory: Nikke makers Shift Up
4. Playbite has raised $1 million to bring back the magic of arcades on mobile gaming devices.

Cartic P, iCartic.com