Hey Friends, greetings from Bangalore 💗
Here’s 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 (Com2uS’s 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 → General Intuition, at a $6.2B valuation. World models trained on gaming clips via Medal.
$40M → Flam Series B, AI interactive content for enterprise.
$3M → 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
→ $263M disclosed, all of it adjacent
→ $0 disclosed into any game studio (both gaming deals came in undisclosed)
→ $220M went to AI trained on gaming clips
→ Jason Jones launches Stone Kite, Grasshopper exits NetEase
Curated weekly at iCartic.com
tCARe, CARtic P