Gaming industry valuations & deals tracker: $1.3B+ in capital moves, M&A & write-downs
Understand last week’s funding landscape in gaming [Week of Nov 24–30, 2025], 389#
Hey Friends, Greetings from Bangalore 💗
Here’s your curated look at last week’s top deals in gaming, Top Funding & M&A Headlines.
Funding & Investments:
SuperGears (Istanbul) closes a $2.1M seed to fuel its premium mobile racing universe Racing Kingdom on mobile.
XOCIETY raises $1.6M ahead of Early Access on Epic – a shooter built on Sui with on-chain rewards via $XO, but pitched at “traditional” shooter players first.
Fifth Door announces a $20M seed to make AI-powered game creation faster, more “instant” and accessible for teams, not just solo devs.
Fateless Games secures $14M for community-led RPG Godforge, doubling down on player co-created worlds and systems.
Gear Games gets a $5M funding line to scale card battler Arcane Rush with deeper live-ops and content cadence.
Plan A Games raises capital to build a New Orleans engineering team and a data platform focused on F2P performance, UA analytics and decision-making.
Remix closes $5M to become a “TikTok for games” via AI “vibe-coding” across Telegram, World App and Coinbase wallet – turning short-form game snippets into a distribution channel.
M&A & Strategic Moves:
Ubisoft x Tencent – $1.3B investment into Vantage Studios, valuing the new Assassin’s Creed / Far Cry “creative house” at ~€3.8–4B and locking Tencent in as a long-term minority partner around Ubisoft’s flagship franchises.
Embracer divests Arc Games & Cryptic Studios to management-led Project Golden Arc (backed by XD Inc) in a $30M deal, while retaining Remnant publishing rights as part of its portfolio reset.
EveryMatrix acquires UX specialist Goma Gaming to strengthen front-end and differentiation in sports & casino products.
Nintendo moves to acquire Bandai Namco Studios Singapore, rebranding it as Nintendo Studios Singapore from 2026 and deepening its presence in Southeast Asia.
Naomi Alderman buys back Zombies, Run! from OliveX – a rare case of a creator reclaiming their live game IP in a fitness + Web3-adjacent context.
Capital & Policy Headwinds
Saudi PIF is reportedly short on fresh capital for big new deals after its global spending spree – including major gaming stakes and the EA take-private push that didn’t materialise.
Flutter / Junglee Games records a $556M impairment after India’s real-money gaming ban forces Junglee to shut deposit-based play and pivot to pure F2P in its largest market.
New Labs & Expansions
Plan A Games’ Louisiana studio doubles as a UA data platform bet and a regional hub for engineering, analytics and publishing support.
Supercell expands its AI Innovation Lab network with a new Tokyo lab opening in 2026, joining San Francisco and Helsinki as part of its long-term AI x games strategy.
Stay ahead. Curated weekly at iCartic.com
tCARe, CARtic P
My other post from last week → Business of Games - median CPI by ad spend