Weekly News Digest #31

Hi all,

We are thrilled to announce that our InvestGame Weekly News Digest has reached an incredible milestone of 8,000 subscribers!

We would like to thank each of you for being a part of this incredible journey. Your support and engagement are truly appreciated!

Last month, we presented our Q2’24 Global Gaming Deals Report, highlighting the most active Early-stage gaming VC funds based on their Seed and Series A round activities over the past 12 months.

Since we are already in the second month of Q3, our team decided to share an updated year-to-date (YTD) ranking based on participation in Seed and pre-Seed rounds. This updated ranking reflects the continued investment in Early-stage gaming startups by these venture capital funds, emphasizing their role in the industry’s growth and innovation.

You can download the picture in PDF for better quality by clicking the button below.

We thank MY.GAMES and Xsolla for supporting this digest.

VENTURE FINANCING

Sweden-based PC & Console games developer Moon Rover Games has raised $3.5m in a funding round from NCsoft (KRX: 036570). The funds will fuel the development of the debut co-op shooter Project Aldous. The debut game is being developed by veterans who previously worked on Far Cry and Battlefield titles.

US-based multiplatform games developer 2weeks has secured $1.25m in a pre-seed funding round led by Andreessen Horowitz (a16z), with participation from Anorak Ventures, Blue Heron Ventures, and various angel investors. The funds will support the development of short experimental web titles. The company has also joined the a16z Speedrun program.

German-based mobile games tech company Dotplay has secured $1m in a pre-Seed funding round led by Transcend Fund. The funds will support new partnerships, corporate expansion, and improvement of the company’s platform. The platform provides direct-to-consumer distribution for mobile game developers by bypassing traditional app stores, thus reducing acquisition costs and fees for developers.