Business of games: 7 biggest funding rounds, and trends from last week

Nov last week, Dec 1st week

Hey Friends, Greetings from Bangalore 💗

Investment news update, from Nov 5th and Dec 1st week:

1. KEK Entertainment raises $8M in seed round to build "platform-agnostic IP"

2. Matr1x doubles funding to $20M ahead of its debut Web3 mobile launch

3. Bandai Namco invests in Flickplay and Code Charm

4. Thirdverse raises $8m in latest funding round

5. Play Ventures expands its events and investments teams with two new hires.

6. Hololight raises $12M for XR streaming software.

7. Laton Ventures is a new venture capital firm investing in early-stage game makers.

Top Trends:

1. NCsoft and Sony announce team-up

2. Rockstar veterans Michael Unsworth and Lazlow Jones have joined Dan Houser's new studio, Absurd Ventures

3. Unity to lay off another 265 staff, drop Weta in 'company reset

4. Netflix has landed The Grand Theft Auto Trilogy

5. US kids want games subscriptions and virtual currency more than games this Christmas.

6. 49% yearly revenue growth projected in India until 2028

7. Supercell's marketing head Iwo Zakowski: "We need to make our games f**king famous and become part of pop culture"

Cartic P / iCartic.com