Business of games: 8 biggest funding rounds, partnerships, and trends from the last week
Investment round-up details for May last week. #240
Hey Friends, Greetings from Bangalore đŸ’—
Investment news update, for May last week (26th):
Supervillain Labs raises funds from Aptos Labs and Neowiz’s Intella X
Xbox Game Studios has reportedly signed a deal to publish the first project from Hundred Star Games, the new studio established by Rocksteady co-founders Sefton Hill and Jamie Walker.
Sinn Studio secures $2.5m funding for VR combat game
Amazon (IN) appears to be very close to acquiring Times Internet-owned MX Player
Play AI raises $4.3M to use AI for ‘hyper-personalized gaming’
Juicy Button Games launches with $3M seed round led by The Games Fund
Gem Capital invests $5M IN Weappy, VEA Games, and Game Garden
Hypersonic Laboratories has raised $7 million in funding for a multiplayer role-playing sandbox platform for user-generated content (UGC).
Top Trends from last week:
YouTube launches Playables gaming platform
Gamefam launches multi-million dollar fund for UGC creators
Netflix announces Minecraft animated series
Wildermyth developer Worldwalker Games entering "hibernation"Â "Nobody is shutting us down. We are going into hibernation because we're done with this project."
Take-Two is reportedly set to close Roll7 and Intercept and sell off Private Division
Hypernova Interactive, the Indian Studio Behind Gangster Game ‘Mayanagari’ Has Reportedly Shutdown
Discord’s turning the focus back to games with a new redesign
With Love, Cartic P
/ @iCartic