Weekly News Digest #36
# of announced deals
2
announced deals’ size
$5m
# of closed deals
2
Last week was one of the quietest in terms of investment activity we’ve seen this year. We’re taking this opportunity to improve our platform, and today we’re excited to share one more update.
Nearly a year ago, we introduced the Reports section on our website, where we collected all the reports and research on the gaming industry. Now, we’re expanding it to include quarterly reports from public gaming companies.
Our website enables users to easily find, read, and explore these reports with tailored search filters, offering a smarter way to access gaming insights.
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MERGERS & ACQUISITIONS
US-based mobile game developer and publisher Zynga has sold 100% of its web3 project Sugartown to newly established US-based web3 games developer D20 Labs, founded by the original developers of the project. Sugartown was initially Zynga’s first step into web3 and served as a test platform developed in cooperation with Forte. Following the deal, D20 Labs will focus on developing rewarding web3 games.
VENTURE FINANCING
Israel-based mobile tech company Odeeo has secured $5m in a funding round led by Atinum Investments, with participation from Play Ventures and other investors. This round coincides with the company’s expansion into the US market, where it is establishing a US-based team, and its growth in the MENA region through a partnership with Evolution Media Group. Odeeo, which provides audio advertising in mobile games, previously raised $9m in Jun’22 and $1m in a funding round in Sep’21.
FUNDRAISING
US-based venture capital firm Andreessen Horowitz (a16z) will invest $30m in various gaming companies by the end of Sep’24. The fund will provide each company with $750k and an opportunity to join a 12-week learning program. A16z will focus on companies across different gaming sectors, including game technologies, web3, AI and VR game studios, gamified apps, and other innovative gaming applications.
