MENU
back to ALL NEWS

ProbablyMonsters Closes The Largest Series A Round of $200m

EARLY VENTURE | ANNOUNCEMENT DATE: 1 SEP 2021
WRITTEN BY | 07 Sep 2021
ProbablyMonsters Closes The Largest Series A Round of $200m
EARLY VENTURE

💵 Series A Funding

  • US-based independent game company ProbablyMonsters, which builds and sustains a family of AAA game studios, has raised a $200m in Series A round led by LKCM Headwater Investments. The round is considered to be the largest Series A raise in game development to date.

  • ProbablyMonsters has plenty of plans for the proceeds, which will be used for expanding the company’s live operations and community features, financing its three upcoming games, enhancing benefits to employees, expanding its long-term resources, and boosting its business and headcount growth.

🎲  Product & Business Overview

  • The company has been founded by former Bungie president and CEO Harold Ryan with the goal of creating a business that gives its developers full creative freedom. ProbablyMonsters team has collectively worked in more than 70 major companies and has been developing dozens of AAA games

  • Currently, ProbablyMonsters’s development teams are working on multiple AAA game projects at the same time:
    • Firewalk team led by Activision Publishing’s former employee Tony Hsu is working on a yet announced multiplayer AAA game. In Apr’21, the studio entered into an agreement with Sony Interactive Entertainment as its exclusive publishing partner
    • Cauldron team led by ex-Bungie art director Dave Matthews is developing an undisclosed single-player adventure game
    • The yet-unnamed RPG-focused studio is reportedly developing an open-world co-op game

💵 Previous Funding

  • In Oct’19, ProbablyMonsters raised $18.8m in a Seed funding round

Sources: PROBABLYMONSTERS

Read more
22 September 2020
Playco Has Raised $100m At $1B Valuation In Series A Round
💵 Series A Funding US-based independent game company ProbablyMonsters, which builds and sustains a family of AAA game studios, has ...
READ MORE
EARLY VENTURE
ProbablyMonsters
  • Founded in 2016
  • Headquarters – Bellevue, United States
  • Founded by Harold Ryan
  • Team of 230+ employees
  • Establishes and sustains AAA game development studios
Join our Patreon

If you feel like supporting InvestGame, cheсk out our Patreon page, we have some nice bounces for our patrons there:

patreon.com/investgame

Patreon logo