Here’s your last week curated look at the deals that moved the needle in gaming
TL;DR
→ $146M disclosed equity into gaming across 4 deals
→ $5.7B raised by Tencent as debt, roughly 39x the equity
→ Tencent borrowed for AI and led a $46M round into Turkey in the same week
→ Nazara’s $82M share issue is the largest single gaming raise of the week
→ 4 deals closed without a disclosed price
Funding & M&A
1. $82M → Nazara approves a Rs 731 Cr share issue and plans to put Rs 743 Cr into its UK subsidiary
2. $46M → Flow Games (Turkey) secures a funding package led by Tencent.
3. $10.5M → Spill Games, led by Elevation Capital, with Centre Court Capital and PeerCapital participating.
4. $7.42M → iDreamSky raises a share placement to fund an AI agent push.
5. SKYWALK acquires global service rights and joint IP ownership of Welcome to My Home from Kakao Games and MetaBora. Undisclosed.
6. MyDearest buys Roblox studio Moze to deepen its Gen Alpha push. Undisclosed.
7. Skillful Craftsman (NASDAQ: EDTK) takes a 70% stake in Singapore’s URAY, with the founder keeping 30%. Undisclosed.
8. ModCraft, an AI game-mod creation platform, raises a seed round from SenseTime Guoxiang Capital and L2F Lighthouse. Undisclosed.
Debt Financing
9. $5.7B → Tencent closes a four-tranche bond sale across dollar and dim-sum notes. The order book topped $23B against a $4.5B target. Proceeds go to AI capex, not games.
10. $6.8M → East Side Games secures $2.8M in Canadian credit and a $4M loan.
Grants
11. £270K+ → BAFTA awards 112 recipients across games, film and TV to support career growth.
If the majors fund growth with bonds, what does that leave for everyone raising equity?
tCARe, CARtic P
Curated weekly at iCartic.com