Weekly News Digest #23
# of announced deals
announced deals’ size
# of closed deals
The last few weeks have been quite modest in terms of the investment and M&A activity, which is why it’s been quite a while since we featured a proper analysis. As always, you can learn about the deals of the previous week in the “Notable Transactions” section below.
MERGERS & ACQUISITIONS
South Korean mobile games developer WeMade Play has acquired a 20% stake in South Korea-based casual mobile games developer StandEgg. The sum of the deal remained undisclosed. The main purpose of the deal is to create a title based on the popular Anipang IP, a social network match 3 puzzle. WeMade Play plans to further expand its list of titles and collaborate with other gaming studios engaged in creating Anipang IPs.
US-based Web3 gaming platform HyperPlay has raised $12m in a Series A funding round, co-led by Griffin Gaming Partners and BITKRAFT Ventures. ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures, Monoceros Ventures also participated in the round. HyperPlay is a cross-chain gaming aggregator that allows its users to collect all their blockchain wallets, NFTs, and game achievements in one place. Apart from that, the platform positions itself as a game launcher that works with every game store. The funding will go to further strengthening the platform and expanding globally.
US-based blockchain-based game engine developer Argus has raised $10m in a Seed funding round. The round was led by Haun Ventures, with participation from Robot Ventures, Anagram, Dispersion Capital, Alchemy, Balaji Srinivasan and others. The company develops a blockchain game engine, World Engine, that is currently available in beta. The funding will help the company to enhance its product and prepare it for the official launch.
US-based marketing platform Rival has raised $2.8m in fundings, according to the offering filing. Rival’s business model is building gaming communities for other companies. The platform offers a variety of tools and approaches to developing a fan community via competitive gaming.
Turkey-based mobile games developer Spektra Games has raised $1.25m in a Seed funding round, led by Ludus Ventures and The Games Fund, with participation from Alfa Games & Partners. The studio is primarily known for its racing and simulation games, including Parking Master Multiplayer series and Real Car Parking, available on iOS and Android. The three titles have a total of more than 40 million downloads. The funding will go to further production of racing and simulator titles and increasing the company’s technologies.
Newly-established US-based games developer Moon Candy has raised $40k out of $150k planned, according to the offering filing. The studio is currently working on its first game, which is said to be a mix of different genres. No other information has been disclosed yet.