Business of games: 9 biggest funding rounds, partnerships, and trends from the last week
Investment round-up details for June 1st week. #241
Hey Friends, Greetings from Bangalore 💗
Investment news update, for the June 1st week:
Animoca Brands and Everest Ventures Group partner to cross-invest in upcoming Web3 projects
Infinite Reality acquires 3D avatar creator Action Face
Ubisoft vet David Polfeldt opens new studio in Barcelona, Bespoke Pixel has raised $25 million in funding
Wevr raises $3.5M for spatial computing and game production
A new UK studio from Mediatonic alumni just came out of stealth, called Kindred Spirit Games
The Sandbox, a user-generated content metaverse platform, has raised $20 million in convertible debt at a $ 1 billion market valuation.
South Korea's NDUS Interactive raises $7.5M for third-person shooter game Xociety
Games marketing veteran Michal Napora has announced a new publishing label, Unikat
Gem Capital invests $5M IN Weappy, VEA Games, and Game Garden
Top Trends:
AppsFlyer is reportedly considering a $300 million IPO by "early" 2025
MetaMask will launch Web3 game directory powered by HyperPlay
Supercell's Squad Busters generated $1.1m on launch day
Half of the investment is going into AI
Aptoide launches its alternative iOS game store in the EU
With Love, Cartic P
/ @iCartic