Hey Friends, greetings from Bangalore ๐
Hereโs your last week curated look at the deals that moved the needle in gaming:
Funding & M&A:
Jade Dragon Games raises seed from CRIT Ventures (Com2uSโs VC arm) and Mainstreet Ventures. Founded by Odin: Valhalla Rising devs. Undisclosed.
Confidence Interworks buys 70% of Flaggs, moving into development. Undisclosed.
Adjacent Capital
$220M โ General Intuition, at a $6.2B valuation. World models trained on gaming clips via Medal.
$40M โ Flam Series B, AI interactive content for enterprise.
$3M โ Notey seed, EdTech games (includes a $1M Malta Enterprise grant).
UA Financing
Leus Capital launches Cohort Purchasing, which it calls the first platform of its kind for mobile studios.
New Studio Launches & Spinouts
Jason Jones (Bungie co-founder, Halo and Destiny) launches Stone Kite with ex-Destiny 2 narrative director Margaret Stohl, after Sony layoffs.
Grasshopper Manufacture (Suda 51) goes independent from NetEase, effective October 1.
TL;DR
โ $263M disclosed, all of it adjacent
โ $0 disclosed into any game studio (both gaming deals came in undisclosed)
โ $220M went to AI trained on gaming clips
โ Jason Jones launches Stone Kite, Grasshopper exits NetEase
Curated weekly at iCartic.com
tCARe, CARtic P