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Business of Games, πŸ”Š Shout out to new studios, and game fund

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Business of Games, πŸ”Š Shout out to new studios, and game fund

Cartic P, @iCartic
Aug 22, 2022
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Business of Games, πŸ”Š Shout out to new studios, and game fund

businessofgames.icartic.com
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Hey Friends, Greetings from Bangalore πŸ’—

πŸ”Š Shout out to new studios, game funds… πŸ•ΉοΈ August 3rd week round-up on investments πŸ’ΈΒ 

1) Embracer Group has agreed to acquire the intellectual property rights to The Lord of the Rings and The Hobbit literary works by J.R.R Tolkien.

2) Regression Games has raised $4.2M to bring the power of AI to gaming and esports competitions

3) Soedesco has acquired Spanish games developer Superlumen

4) Aonic acquires exmox for nearly $100 million dollars

5) Animoca Brands and Lympo have announced that they are partnering with Play Magnus Group to help develop AniChess – a new blockchain-based chess game

6) Embracer Group acquires Bitwave Games, Gioteck, Limited Run Games, Middle-earth Enterprises, Singtrix, Tatsujin, Tripwire Interactive, and Tuxedo Labs

7) Atom Switch has received an investment of $3.4M from Hiro Capital and 1Up Ventures

8) Solsten raised a $22M Series B led by Konvoy

9) Spire Animation Studios raised funding from Temasek and Ericsenz, aims to create new kinds of animated films with metaverse potential

>> Cartic P, @iCartic

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