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Computer North America Video Games

1047 Games raises $100M on the runaway success of its debut title, Splitgate

– 1047 Games, a game developer, raised $100m in Series C funding.
– The round was led by Lightspeed Venture Partners and joined by Insight Partners, Anthos Capital, and earlier seed round investors Galaxy Interactive, VGames, Human Capital, Lakestar, DraperDragon, and Draper University.
– It brings the company to a valuation of $1.2 billion.
– The company plans to use the funding to expand its team and continue to build out its game portfolio.

Developer Platform Developer Tools Digital Marketing E-Commerce Platforms North America Online Games Video Games

Seattle startup AccelByte raises $10M to help developers build multiplayer online games

– Seattle-based startup AccelByte has raised $10m funding.
– The funding was led by New York-based VC firm Galaxy Interactive, with additional funding from the Hangzhou-based NetEase, which publishes many mobile games for the Chinese market; the South Korean firm KRAFTON, publisher/developer of PlayerUnknown’s Battlegrounds; and Dreamhaven, which was launched late last year in Irvine, Calif., by departing Blizzard CEO/co-founder Mike Morhaime.
– AccelByte’s overall suite of tools is intended to provide necessary programs and scalable architecture to game developers that plan to operate “games-as-a-service” (GaaS) — releases that make their money from in-app purchases or subscription fees rather than a single up-front purchase price.

Digital Entertainment Gaming North America Video Games

ProbablyMonsters Raises $200M in Series A Funding

– ProbablyMonsters, Inc. is a Bellevue, Wash.-based next generation independent game company that builds and sustains a family of AAA game studios.
– The company raised $200M in series A funding round.
– The round was led by LKCM Headwater Investments, the private equity arm of Luther King Capital Management, an SEC-registered investment advisory firm with approximately $25 billion in assets under management, and their affiliates with participation from other original investors (unnamed).
– The company intends to use the funds to enhance benefits to its employees, expand its long-term resources, and accelerate its business growth and developer recruitment.

Gaming North America Video Games

Infinite Canvas raises $2.8M for a metaverse creator group modeled after esports teams

– Infinite Canvas is a talent management company and game publisher for the metaverse.
– The company raised $2.8m in pre-seed funding.
– Investors include Lightshed Venture Partners, BITKRAFT Ventures, Day One Ventures, Crossbeam and Emerson Collective.
– The company has partnered with some big names in Roblox, including RussoPlays, DeeterPlays, Sabrina and DJ Monopoli from Terabrite Games, as well as a handful of other Roblox developers, Fortnite map makers and streamers who, combined, reach more than 4.5 million subscribers.
– For the team, this nascent era of user-generated gaming content looks a lot like another now-ubiquitous creator platform once did.

Gaming North America Video Games Video Streaming Virtual Reality

ForeVR Games Raises $7M in Additional Seed Financing

– ForeVR Games is a VR gaming company based in Los Angeles.
– The company raised $7M in additional seed financing.
– The round was led by Bessemer Venture Partners, with participation from Galaxy Interactive, All Star Capital, Mark Pincus and Emmett Shear.
– The new funding will be used to build out the team, develop new games, expand to additional platforms and continue to upgrade the recently-released ForeVR Bowl.

Gaming North America Venture Capital Video Games

Z2 vets raise $5M to grow Seattle studio Starform and launch social games

– Seattle-based game studio Starform has raised $5m.
– The startup plans to use the money on further development for its first game, as well as starting a team to work on a second project.
– Its unannounced first project, a team-based 5v5 arena game for PC and mobile, is currently in a closed beta.
– The $5m is a seed round led by BITKRAFT Ventures, with participation from Global Founders Capital, Vgames, and Dune Ventures.
– Since its last round of funding in 2019, Starform’s team has grown to 11 people, which includes developers with experience from ArenaNet, Amazon, and Big Fish Games.
– It plans to hire more for its second internal team.

Casual Games Gaming North America Software Video Games

AviaGames Raises $40M in Funding

– AviaGames is a mobile, skill-based gaming company based in Mountain View, CA.
– The company raised $40m in funding.
– The round was led by ACME Capital, Washington Harbour Partners and Powerhouse Capital, as well as previous investors Makers Fund and Galaxy Digital.
– The new investment will be used to accelerate player acquisition, develop new games on the platform, and expand its team and international presence.

Developer Platform Gaming Video Games Western Europe

Hiro Capital Leads $10m Investment in Portal Knights Creators Keen Games Upcoming Multiplayer Sandbox RPG

– Keen Games will use the $10m from Tencent and Hiro to expand game development and to publish their title, the spiritual successor to Portal Knights.
– Portal Knights sold over 3.5M copies.
– Keen Games will be equipped to retain creative and publishing independence.
– Keen Games is currently hiring multiple positions.

Mobile North America PC Games Video Games

Tilting Point Raises $235 Million to Fuel Expansion and Acquisitions

– Tilting Point, a leading free-to-play games publisher, has raised $235m in the company’s first-ever equity financing.
– The funding was led by General Atlantic, a leading global growth equity firm, with participation from strategic investor Red Ventures and Kamerra.
– The company will use the investment to accelerate its progressive publishing model by signing more developers in live publishing, co-developing more titles, acquiring more studios and partnering with developers on top IP launches.
– Tilting Point will also leverage the funding to continue to expand across geographies, platforms and audiences.
– With this new financing, Tilting Point aims to further expand its global reach by growing in strategic international markets like South Korea and China.

eSports Gaming Information Technology North America Online Games Software Video Games

Genvid Holdings Raises $113M in Series C Funding

– Genvid is a NYC-based provider of interactive livestreaming technologies and services.
– Company announced $113m Series C funding.
– The round was co-led by existing investors Valor Equity Partners and Atreides Management with participation from new investors Third Point Ventures, Cobalt Capital, LightShed Ventures, XN, and Lux Capital, existing investors Galaxy Interactive, Horizons Ventures, OCA Ventures (via OCA’s new growth equity fund), and Makers Fund and strategic partners Huya, NTT DOCOMO Ventures, and Samsung Ventures.
– The company intends to use the funds to establish Genvid Entertainment LLC, a new publishing subsidiary dedicated to producing Massive Interactive Live Events.

Gaming North America Online Games Video Games

Singularity 6 raises $30M to fund upcoming fantasy ‘community simulation’ MMO

– LA-based game studio Singularity 6 has banked more funding as it scales itself up and readies for the launch of its debut title.
– The startup raised $30 million in a Series B bout of funding led by FunPlus Ventures with additional participation from Andreessen Horowitz, LVP, Transcend, Anthos Capital and Mitch Lasky.
– The studio has now disclosed some $49 million in funding, a sizable sum, but one that showcases how much investors are looking to rally around gaming platform plays in the wake of Roblox’s monster IPO.

Casual Games Gaming North Africa and the Middle East Video Games

Turkey’s Dream Games Raises $155 Million, with a $1 Billion Valuation in a Series B Round Led by Index Ventures and Makers Fund

– Dream Games, a Turkey-based mobile games company, has closed a $155M Series B round co-led by Index Ventures and Makers Fund, with participation from Balderton Capital, IVP and Kora.
– The largest Series B financing in Turkey, with a valuation of $1B, comes on the heels of the massive success of Dream’s debut game Royal Match, reaching top-20 grossing games in the US, UK, and Germany in only three months.

Blockchain Gaming North America Video Games

Mythical Games Announces $75 Million in Series B Financing, Unlocking a New Universal Gaming Economy With Playable NFTs

– Mythical Games, a next-generation gaming technology studio creating universal gaming ecosystems around playable NFTs, led by industry veterans and former executives from Activision, Oculus, EA and Zynga and a marketplace team of experts from Stubhub and Charles Schwab, announced a $75m Series B financing led by WestCap.
– Also participating in this round are 01 Advisors and Gary Vaynerchuk’s VaynerFund, as well as existing investors including Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital.
– This round brings the total amount raised to $120m.

Gaming Mobile North Africa and the Middle East Social Media Video Video Conferencing Video Games

Comunix Closes $30 Million Series A Funding

– Comunix announced that it has closed $30m in Series A funding led by March Gaming to accelerate its vision of reinventing the social gaming experience and uniting people worldwide.
– New investors, including March Capital, Powerhouse Capital, Woori Investments and Altshuler Shaham, also participated in the funding round.
– Comunix’s existing investors include Mitch Garber, Kaedan Capital, Velo Partners, Shay Ben-Yitzhak, Eitan Reisel and Baladi Ventures.
– Comunix is a social gaming company with a vision for interactive gaming experiences grounded in human connection.

Blockchain Developer Platform Developer Tools eSports Gaming North America Video Games

Forte Raises $185M Series A at $1B Valuation Led by Griffin Gaming Partners

– Forte, an organization building a blockchain-based economic platform for video games, announced it has raised $185M in Series A funding led by Griffin Gaming Partners.
– New and existing investors including Union Grove Venture Partners, Andreessen Horowitz, Battery Ventures, and Canaan also participated in the round.
– The Series A funding values the organization at $1B.
– Funds will be used to accelerate the development of its end-to-end blockchain platform, which lets developers create fungible and non-fungible tokens (NFTs), and build scalable token-based game economies.
– Forte’s economic technology aims to address the growing misalignment between game developers, players, and fans.

Console Games North America PC Games Video Games

Manticore Games™ Raises $100 Million to Power the Games Multiverse

– Manticore Games™, the developer and operator behind Core™, an endless arcade of high-quality, user-built games, announced it has raised $100 million in Series C financing.
– The funding was led by XN, with participation from other leading strategic and institutional investors such as SoftBank Vision Fund 2 and LVP, as well as returning investors Benchmark, Bitkraft’s new Opportunity Fund, Correlation Ventures and Epic Games.
– The company will use the investment to accelerate Core’s growth by bolstering its industry-leading Creator programs, and further developing the most advanced game creation and publishing tools of any major user-generated content (UGC) platform.

Casual Games eSports Gaming Mobile North America Video Games

Lowkey raises $7M to capture your gameplay moments

– Lowkey has raised $7m in funding for its platform to capture your gameplay moments.
– It has created video editing tools that let gamers post short snippets on social media.
– Casual friend groups to the top esports teams in the nation use Lowkey to record, edit, share and watch moments from their PC gameplay.
– That’s not a bad accomplishment for a team of just eight people.
– And that’s why it has backing from Andreessen Horowitz, the prominent Silicon Valley venture capital firm and other angel investors.

Console Games North America PC Games Video Games

Manticore Games Raises $100M in Series C Funding

– Manticore Games, the San Mateo, Calif.-based developer and operator behind Core™, an endless arcade of high-quality, user-built games, raised $100m in Series C financing.
– The round was led by XN, with participation from SoftBank Vision Fund 2 and LVP, as well as returning investors Benchmark, Bitkraft’s new Opportunity Fund, Correlation Ventures and Epic Games.
– The company will use the funds to accelerate growth by bolstering its Creator programs, and further developing game creation and publishing tools of any major user-generated content (UGC) platform.

North America Online Games PC Games Video Games

HiDef Bags $7.5M in Series A

– HiDef has secured $7.5M in a Series A round led by Wick Capital Partners.
– HiDef has now raised more than $9M.

Developer Platform eSports Gaming Media and Entertainment Mobile Mobile Apps Mobile Payments North America Social Network Software Video Games

Ryu Games raises $2.3M, betting that cash tournaments for mobile games are the future

– Ryu Games, a startup that helps developers add cash tournaments to their mobile games, announced this morning it has raised $2.3 million in a seed round.
– The funds came from a number of investors, including Side Door Ventures, MGV Capital, Velo Partners and Citta Ventures.
– In addition, 500 Startups participated in the round.
– TechCrunch first caught wind of Ryu during its participation in the most recent 500 Startups demo day.
– At the time, we were enthused by the idea of gamers wagering money to go head-to-head with other players on mobile devices.
– Investors appear to back our first impression of the company.

Gambling Gaming North America Video Games

GameCo Announces Financing Round To Accelerate Expansion Of Its Arcade-Style Gambling, iGaming, And esports Betting Businesses

– GameCo announced a new round of financing and strategic investment.
– The round was led by new investment from prominent gaming technology company Playtech and gaming investor SpringOwl Asset Management, headed by industry mainstay Jason Ader, with participation from many of GameCo’s previous investors.
– The capital infusion is designed to accelerate the Company’s mission to provide revolutionary gaming products and experiences while driving new players and demographics to casino entertainment.
– GameCo has formed an alliance with GRID, which aims to make official esports data available in the US market as regulation is progressing and esports has been identified as a growth driver.
– In 2021, GameCo plans to expand rapidly into digital markets, with a focus on bringing its unique arcade-style gambling to online casinos worldwide and positioning itself as a leader in esports betting in the U.S.

eSports Internet Mobile Apps News North America Recruiting Software Video Games Web Apps

eFuse Raises $6M in Funding

– eFuse is a Columbus, OH-based startup operating the “LinkedIn for gamers.
– Company raised $6m in funding.
– The round was led by Ohio Innovation Fund with participation from: Seth Curry (Philadelphia 76ers, NBA), Denzel Ward (Cleveland Browns, NFL), Ezekiel Elliott (Dallas Cowboys, NFL), and Chase Winovich (New England Patriots, NFL).
– The new investment will be used to expand the platform and continue to grow its community of gamers.

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