🔊 Shout out to new studios, game funds… (May 2022)

CARtic P
2 min readMay 16, 2022

4th week

  1. MetaKing Studios raises $15M for blockchain MMO Blocklords
  2. Former Gameforge CEO launches Web3 publisher Eleet Games
  3. Firestoke raises $2.2M
  4. Game economics platform Machinations.io raises $3.3M
  5. Kongregate and Immutable X launch $40M blockchain game dev fund
  6. Metaverse App BUD raised $37M

3rd week

  1. Former King team raises $3 million to bring Bitcoin to mobile gaming
  2. Twitch cofounder Kevin Lin’s Metatheory raises $24M for blockchain games
  3. Behaviour Interactive acquired Midwinter Entertainment
  4. N3TWORK Studios secures $46 million for Web3 games
  5. Saudi Arabia’s PIF acquires 5% stake in Nintendo
  6. Azra Games raises $15M to take Web3 games to mainstream gamers
  7. Skybound Entertainment secures fresh investment from Hiro Capital, Knollwood Advisory
  8. Hyperlab has raised its valuation to $7.5 million following a round of seed funding
  9. Former Codemasters, Jagex execs establish a new studio
  10. Tappx acquires Fantasy Manager developer From The Bench
  11. Pixion Games raised over $4m to make ‘play-to-own’ battler Fableborne
  12. Virtuos expands in Vietnam with the acquisition of art studio Glass Egg

2nd week

  1. FRVR acquires F2P first-person shooter Krunker.io
  2. Curve Games its acquired Fiddlesticks Games
  3. PlayZap secured investment from Oddiyana Ventures — ♥ fellow game studio from India
  4. Irreverent Labs raised $40M in a round led by a16z
  5. Branch.gg raised $12.5M to build a web3 browser game
  6. StartPlaying raised a $6.5M round led by a16z
  7. LootRush raised $12M to remove barriers to entry to web3 games

1st week

  1. Embracer acquires Crystal Dynamics, Eidos Montreal and Square Enix Montreal for $300m
  2. Untamed Planet raises $24.3M for nature-oriented NFT games
  3. SnackClub raises $9M for blockchain gaming in developing countries
  4. Zora has raised $50M from Haun Ventures to enable anyone to create NFTs
  5. AppLovin bought an earlier version of Wordle
  6. InfiniGods raises $9 million in round led by Pantera

Cartic P, @iCartic

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