Business of games: 12 biggest funding rounds and trends from last 2 weeks
Oct 3rd and 4th week
Hey Friends, Greetings from Bangalore 💗
Investment news update, from Oct 3rd and 4th week:
Metacore to acquire Merge Mansion and Clash of Clans animators studio Piñata
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
King and EA vets form The Experimentation Group
Gamester Kids has raised $850,000K in funding
Noodle Cat Games raises $12m in Series A funding round
Fragbite to acquire Fall Damage
Copresence raises $6M for 3D avatar creation platform
Zeedz.io raises $1M and launches climate change game on mobile devices
Azur Games to acquire a portfolio of US hypercasual game publisher Tastypill
Upland has raised $7 million in funding for its virtual land metaverse based on Web3 technology
Riot-backed Forge raises $11M to launch a platform rewarding gamer communities
AppQuantum’s Core is the King will invest up to $1M in selected hybrid casual mobile devs
Top Trends:
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
The games industry drew $454 million in VC funding in the third quarter of 2023. The figure represents a 9% decline from the previous quarter
Marvel’s Spider-Man 2 sells record 2.5 million units in first 24 hours
Cartic P, iCartic.com