Business of games: 6 biggest funding rounds, partnerships, and trends from the last week
investment round-up details from Feb 4th week. #219
Hey Friends, Greetings from Bangalore 💗
Investment news update, from Feb 4th week:
Monumental acquires Coin Dozer publisher Game Circus
Yuga Labs acquires Proof Web3 digital art platform
GameCentric secures $1.5 million angel investment to fuel growth in MENA
A cohort of Swedish gaming professionals has unveiled Cult of the North, a new games studio.
1SP Agency acquires Renaissance PR for "superagency" status with plans to cover games
XPLA secures funding from Play Ventures to foster Web3 innovation
Highlight on game funds from 2023 vs 2022 investments: In 2023, 403 deals were made totaling $2.7 billion. This marks a 4-fold decrease in volume compared to the previous year and a 36% decrease in the number of deals.
Top Trends:
1. Nintendo Switch 2 release reportedly delayed until early 2025
2. Legends of Learning and Rovio release Angry Birds educational games
With Love, Cartic P
/ @iCartic