$600M+ Gaming industry valuations & deals tracker – week recap
Understand last week’s funding landscape in gaming, Dec 3rd week 395#
Hey Friends, Greetings from Bangalore 💗
Here’s your curated look at last week’s top deals in gaming, Top Funding & M&A Headlines.
Funding & Investments
1. Zoe Studios closes an angel round to make chess fun and accessible for modern mobile audiences, backed by a strong bench of gaming angels.
2. Wavedash raises $4.3M seed (Floodgate, YC, others) to bring high-end PC games to the browser – click a link, play in seconds.
3. Drama Studios secures a Tencent-led Series A for Unrecord, moving the viral body-cam FPS into full production.
4. EasyWin closes its first seed round at a $15M valuation to build lean, AI-powered real-money skill games.
5. Hypemasters raises $1M (Impact46, GEM Capital) to double down on competitive strategy titles like World War Armies.
6. Ace High Sports secures £300k equity from the British Business Bank’s South West Investment Fund to pioneer sports-led card games.
M&A & Strategic Moves
7. Amazon → Ubisoft – Ubisoft acquires March of Giants plus Amazon Games Montreal, bringing the Siege leadership team back “home” to build a new 4v4 MOBA.
8. Mythwright acquires the full THRONEFALL IP from Grizzly Games, committing to grow the minimalist strategy hit while keeping the existing mobile partnership.
9. Bandai Namco sells Limbic Entertainment (Park Beyond) to a “private investor specialising in video games” as it refocuses its portfolio.
10. Coffee Stain Group completes its spin-off from Embracer and lists in Stockholm at around $616M market cap.
New Studios & Expansions
11. Zoe Studios and Stumpysquid both lean into “modern strategy”: chess for the TikTok generation and a spiritual successor to Kingdom: Two Crowns, with Stumpysquid revived and now seeking partners.
12. AviaGames opens a new subsidiary in Hamburg, with Michelle Zou leading European expansion across skill-based games.
Capital, UA & Wealth Platforms
13. PvX crosses $250M in committed UA financing for mobile games and consumer apps – a non-dilutive UA “credit line” for ATT-era growth.
14. Animoca Brands x GROW Digital Wealth – strategic partnership + equity stake to build an Asia platform that blends crypto assets with traditional products for UHNW / family offices.
Platform & Policy Shifts
15. Netflix x Ready Player Me – Netflix acquires the avatar platform to power cross-game identity; RPM’s public tools wind down in Jan 2026.
16. Warner Bros. Discovery board labels Paramount’s $108B tender offer “illusory” and formally urges shareholders to reject it, while favouring the Netflix deal.
17. Unity introduces a new “Enterprise Minimum Commitment Program” fee – $250k to $2M per year based on studio revenue – with some devs reporting licence-termination threats in the fine print.
Stay ahead. Curated weekly at iCartic.com
tCARe, CARtic P