Weekly News Digest #4
# of announced deals
announced deals’ size
# of closed deals
We are currently working on our Global Gaming Deals Activity Report, so there’s no featured news in this digest. However, you can still find all the deals of last week in the “Notable Transactions” section below. To not miss the Report, please follow us on Twitter, LinkedIn, and Telegram.
We want to thank MGVC and The Games Fund for supporting this digest.
MERGERS & ACQUISITIONS
US-based publishing company Merriam-Webster, known for its Merriam-Webster’s Collegiate Dictionary, has purchased the word game Quordle. Financial terms are not disclosed, but the game is already added to other vocabulary-based games on Merriam-Webster’s website.
US-based cloud service provider CoreWeave has acquired US-based multi-cloud rendering platform for content creators and artists in the media and entertainment industry Conductor Technologies. The financial terms of the deal were not disclosed. The acquisition will allow CoreWeave to expand its solutions and capabilities for VFX and animation studios.
US-based blockchain games and technology company Mythical Games has acquired a Ukraine-based marketplace for digital skins and NFT for gamers DMarket. The financial terms of the deal were not disclosed. The acquisition will let Mythical Games increase its expertise and add more tech solutions. Together companies have already launched a Mythical Marketplace 2.0.
Finland-based game developer Metacore plans to acquire discontinued IP Everdale from Finland-based games developer Supercell. The financial terms of the deal are not disclosed. Metacore plans to bring life to the title and add it to its pipeline.
US-based NFT marketplace for in-game assets & virtual worlds Fractal will expand its platform on the Polygon blockchain and will receive an undisclosed sum from Polygon. The strategic investment will help to improve the partnership between companies, as well as to continue further developing the Fractal platform for both Web3 users and developers. You can read more about Fractal in one of our previous Digests.
US-based UGC content maker Voldex has raised an undisclosed amount in Series A funding. The round was led by Andreessen Horowitz, with participation from Dune Ventures, Makers Fund, and others. The funds will be used to further grow the UGC community, attract new titles in its portfolio, and support existing games.
Netherlands-based games publisher and developer MY.GAMES via its subsidiary MGVC has invested in Switzerland-based mobile games developer AMT Game and Portugal-based games developer DC1AB. The financial terms of both deals were not disclosed. The funds will be used to grow both companies, while MGVC will provide additional support including marketing, scaling the business, and product analysis.
US-based indie games developer Mega Cat Studios has received an investment from US-based multi-platform entertainment company Skybound Entertainment — the owner of The Walking Dead franchise. The exact amount of the investment was not disclosed. This is the first investment of Skybound in the gaming segment. Mega Cat is currently working on the RPG WrestleQuest which is planned to be released in May’23. The funds will go towards the company’s growth.
US-based tech startup POGR has received a $2.25m investment from the Netherlands-based sports tech fund Venturerock. The startup aims to build a Google Analytics-style product for esports and the metaverse. The funding will support the startup and help to continue its growth.