Weekly News Digest #31
# of announced deals
announced deals’ size
# of closed deals
Last week turned out to be pretty quiet on the deal activity front, so there’s no featured news in this digest. However, we are currently busy working on our H1’22 Gaming Deals Activity Report, so you will have enough insights to dive in pretty soon! And since the Report is on its way, make sure you follow us on Twitter, LinkedIn, and Telegram not to miss it.
We want to thank Hiro Capital and The Games Fund for supporting this digest.
Cyprus-headquartered mobile free-to-play games publisher 10k Riders has secured $500k investment from another Cyprus-based Embria, an investment company focused on gaming, social, adtech, and mobile sectors. The proceeds will allow the company to attract more studios for publishing and co-development opportunities.
Canada-based web3 game developer Bravo Ready announced that US-based crypto-fund Big Brain Holdings has joined its group of funders. The amount of investment and financial terms of the deal are not disclosed. The funds will be used to accelerate the development of BR1: Infinite Royale and other titles of the company.
UK-based digital hobby startup Magicave has raised $5.7m in a Seed round co-led by BITKRAFT Ventures and Fabric Ventures, with participation from Geometry, and Sferion. Magicave brings tactile gaming to the digital world, and its first product dNo is a virtual dice that can be linked to any game or character. In late 2021, the company raised a pre-Seed funding from Concept Ventures and Acequia Capital.
Concept Ventures has launched a ~$60m (£50m) fund to make pre-Seed investments in UK-based gaming startups. Over the next four years, the fund plans to invest in 60+ gaming startups with round sizes ranging from ~$120k to ~$720k. Concept Ventures was backed by the British Business Bank in the amount of $36m.