Business of Games: 6 biggest funding rounds, partnerships, and trends from the last 2 weeks

investment round-up details for Dec 4th and Jan1st week

Hey Friends, Greetings from Bangalore 💗

Investment news update, from Dec 4th and Jan 1st week:

1. Keywords Studios acquires The Multiplayer Group from Improbable Worlds for $97.1M

2. South Korean Game Publisher Wemade Launches $100 Million Blockchain Investment Fund

3. Tilting Point, Hilfiger Ventures, and Brandible are preparing to launch AI fashion game

4. Atari acquires 7.5% stake in tinyBuild for $2 million, sending the company’s stock up 70%

5. Marcos Gaming completes pre-seed round to bolster Indian Esports

6. Ready Player One author and Futureverse team up for Readyverse Studios metaverse

Top Trends:

1. Vision Pro Feb 2nd Launch confirmed.

2. Savvy Games Group: Approximately 75 percent of our capital allotment has not yet been invested

3. Tencent sells app store to Huya ahead of Chinese crackdown

4. New Zealand devs hang onto 20% tax rebate perk after three-way-tie election

5. Netflix is considering introducing ads and in-app purchases to its games

6. 10,526 people lost their jobs in the gaming industry in 2023

7. 14,533 games were released on Steam

With Love, Cartic P
/ @iCartic