Weekly News Digest #47

Hi all,

Last week saw quieter investment activity in the gaming sector, with few significant deals. Seizing this opportunity, we’re excited to launch our latest feature. Our team has put in great effort to create an online gaming reports database on our platform.

We’re now introducing the Reports feature — a vast collection of gaming reports. It allows users to easily find, read, and delve into these reports using tailored search filters, offering a smart way to access gaming insights.

Meanwhile, check our latest Global Gaming Deals Activity Report for Q1-Q3’23.

We want to thank MGVC and Xsolla for supporting this digest.

MERGERS & ACQUISITIONS

Sweden-based gaming group Aonic has acquired UK-based VR games developer and publisher nDreams for $110m, following an initial $35m investment in Mar’22, which allowed the studio to expand its workforce to 250 team members. Aonic aims to strengthen its VR and mixed-reality gaming position, leveraging nDreams’ expertise. The acquisition will also support nDreams’ growth, known for such titles as Powerwash Simulator VR, FarCry VR: Dive into Insanity, Synapse, Ghostbusters, and others. Aonic emphasizes a decentralized and collaborative environment, with nDreams continuing its operations under its co-founders’ leadership, maintaining its commitment to mid-sized studio support.

VENTURE FINANCING

Singapore-based web3 gaming studio Matr1x has raised $10m in a Series A funding round, co-led by Folius Ventures and SevenX Fund, with participation from ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi Lab. This brings Matr1x’s total funds raised to $20m. The investment aims to accelerate the development of its game Matr1x Fire, an NFT mobile shooter game.

US-based web3 tools developer Saga has raised $5m in a Seed funding round led by Placeholder, with participation from Longhash Ventures, Com2uS, Dispersion Capital, and others. The round brings Saga’s total funding to $13.5m. The platform, addressing blockspace scarcity and accessibility issues, plans to utilize the funds to expand operations and strengthen its developer community.