Business of Games: 🔊 Shout out to new studios, partnerships, and game fund

July 2nd week

Hey Friends, Greetings from Bangalore 💗

Investment round-up, with a list of studios that got funded on July 2nd week (2023):

1. Gamercraft raises $5 Million for AI-powered skill- gaming platform

2. EA starts new AAA studio Cliffhanger Games to develop the Black Panther game

3. Binance commits $15M to Xterio to boost Web3 game platform with AI

4. Lightspeed Studios acquires developer Lucid Games

5. Skill-based game developer Bring It On raises $4 million in seed funding

6. Gardens Raises $31 Million, Gets Nintendo, Sony, Microsoft Exec Backing

7. Fortune Mine Games closed its seed investment round of $2M

8. Q-Games alumni form Denkiworks
   

Last week's summary (top news):

1. Google to allow NFT in apps and games sold through Google Play

2. Online game tax in India is 28%, new tax regime :(

CARtic P, iCartic.com