Business of Games: 11 biggest funding rounds, partnerships, and trends from the last week

investment round-up details from April 3rd week. #232

Hey Friends, Greetings from Bangalore 💗

Investment news update, from April 3rd week:

1. Ninja Kiwi acquires Legion TD 2 developer AutoAttack Games

2. PUBG maker Krafton leads $15M investment into UK studio Red Rover Interactive

3. Infinite Reality acquires Stakes for $8M in stock to build immersive experiences

4. Avalon raises $10M to launch hybrid Web3 MMO

5. Ex-Unacademy CXO-founded gaming startup LightFury raises $8.5M

6. Circle of Games raises $1 Mn from Nazara and The Hashgraph Association

7. Ex-Blizzard Artist's Studio (Imagendary Studios) announces new Sci-Fi TPS RPG

8. Today raises $5 million for AI-powered social sim gaming

9. A16Z closed $7.2 billion for new funds, it raised $600 million for its second gaming fund, which was targeted as 10% of the fund.

10. Auctus Capital Partners and Remote Control to invest in European games companies

11. Goliath acquired Lucky Duck Games

Top Trends:

1. Sony’s “Super-Fungible Token” System Reveals Plan for NFT-Powered Gaming Assets

2. Sony is reportedly looking at making another acquisition, and this time it involves Halo - Paramount

3. Global Games Fund offers devs from emerging markets up to $50,000

4. Galactic Group launches Web3 game publishing division

5. Slay the Spire 2 ditched Unity for open-source engine Godot after over 2 years of development - first one todo so after the unity's run-time fee and takeback stint

6. Zynga’s Socialpoint partners with MrBeast on Top Troops in-game event

7. Embracer Group will split into 3 publicly traded companies

With Love, Cartic P
/ @iCartic