Business of games: 14 biggest funding rounds, partnerships, and trends from the last week
investment round-up details from March 3rd week. #224
Hey Friends, Greetings from Bangalore š
Investment news update, from March 3rd week:
Balancy raises $700K to transform game monetization and LiveOps
Battlefield creative director Craig Morrison quietly departs EA for new studio, Blue Scarab Entertainment
Respawn veteran Stig Asmussen forms Giant Skull to build AAA single-player games
emptyvessel.io a new studio from Emanuel Palalic
Roar Games has secured $1.5M in funding for its new game, Tenet of the Spark
Brain Jar raises $6.7m in seed funding
UG Labs secures $7 million to create games from speech
Kaedim secures $15 million investment for AI-powered 3D asset creation
Studio369 raises $5M for Web3 multiplayer mech MMO MetalCoreĀ
Publishing giant Scholastic to invest US$186 million in 9 Story Media Group
Metaverse and gaming technology company OneVerse has acquired online poker platform Calling Station and fantasy sports platform BatBall11.
Ex-Riot art director has started a new studio, millionsĀ ofĀ monsters.
Blockus secures $4M in pre-seed funding for its plans to transform Web3 gaming
Carbonated raises $13 million for MadWorld
Top Trends:
Embracer has announced the sale of more of its assets - this time, large portions of Saber Interactive, for the price of $247m.
Tencent has reportedly taken over two ByteDance games teams, and has consolidated them intoĀ aĀ newĀ studio
Supercell axes Clash Mini, officially shutting down on April 25 2024
With Love, Cartic P
/ @iCartic