Frost Giant Studios, Inc.’s Post

Inflation isn't just the cost of eggs. Frost Giant Studios, Inc. has raised ~$35 million dollars to make its upcoming RTS, Stormgate. So what does Frost Giant CEO Tim Morten tell GamesIndustry.Biz? "The reality is that big games that get made today are spending in excess of $100 million. So, for us to go up against AAA games, for us to be a game that really stands as the next-generation RTS of the coming years, it does require a lot of investment. We’ve raised just under $35 million to date — that’s a big number, but it’s a much smaller number than most AAA games actually deploy against building their products. And we are really fortunate to be in a position that we got the funding that we need to get to our early access launch, but we want to launch strongly, and we want to launch in a way that puts us at the same level as AAA games from other publishers." This is such an important statement for players, investors and yes, all of us in the #videogameindustry to really truly understand. There's been a lot inflation in #gamedevelopment and when you couple that with the increased interest rates in the macro economy (which he also mentions in the interview), it creates a very challenging environment to make new games and for #gamepublishing to successfully launch them. Sharing ownership with your fanbase sounds chaotic but makes a lot of sense to me when you're making a game in a genre that has lost its appeal to most massive game publishers. We'll see if the gambit pays off soon. https://lnkd.in/giSpXB2t

Great to see BITKRAFT Ventures interest in the gaming sector and in particular, gaming studios and platforms to support game production. 1️⃣ Other BITKRAFT Ventures investments include Anzu.io, an in-game ad platform; Carry1st, a mobile gaming platform focused on Africa; In'World, a social platform; Karate Combat, a martial arts league; and Immutable, the creator of the Gods Unchained crypto-based game. 2️⃣ Founded by games industry veteran Jens Hilgers, Bitkraft has over 130 companies in its portfolio, and more than $1 billion in assets under management. 3️⃣ He said the firm’s LP base is a mix of family offices and institutional funds, and confirmed a major global sportswear player as an LP but was not at liberty to release the name. 4️⃣ “The strategy we pursued with the second gaming fund is about 30 to 35 companies, average ticket size about $4 million, 50% of the initial capital and 50% follow-on. That strategy has looked successful so far. We’re rated top decile in the latest Cambridge Associates ranking, and we’re happy with that performance,” he added. #bitkraft #frostgiant #gamingfund Nodo Ivanidze

Got some smart if sobering insights from Raph Koster on the tenuous state of VC funding in the game industry space: "The funding environment for games has changed a lot in the past 2-3 years, with investments hugely down across the board. Like, down from $10 billion dollars to $1.7 billion across the industry as a whole. I’ve been saying lately that it’s the worst it’s been since maybe the crash in 1982." More on that, and turning to Kickstarter to help complete his latest game, here: https://lnkd.in/gCU2yqkp

Play Ventures raises $140M fund to invest in gaming start-ups Play Ventures has secured its largest fund to date, closing a $140 million raise for Fund III, boosting their total assets under management to $450 million. This new fund will target early-stage investments in mobile free-to-play games, gaming infrastructure, AI-powered tools, and next-gen distribution channels. Henric Suuronen, Founding Partner at Play Ventures: "Mobile has become the cornerstone of our daily lives, and games are at the heart of this engagement. With Fund III, we aim to expand beyond gaming, exploring 'playable apps' that blend gaming mechanics into everyday consumer experiences." This fund signals a strong commitment to fueling growth in gaming and interactive consumer platforms. Exciting times ahead for innovation in the gaming ecosystem! 👉 https://lnkd.in/dNyf7AA7 #GamingInvestments #VentureCapital #PlayVentures

If you guys want me to make this a series let me know but I think it's worth at least one post. If you're fundraising in Web3 gaming, which VCs should you avoid? I'll update this list as I gather more data but I think it's worth noting. 1. Lightspeed (doesn't do Web3) 2. Konvoy (doesn't invest in game studios) 3. Acrew Capital (doesn't invest in studios) 4. The Games Fund (doesn't do Web3) 5. 1Up Ventures (doesn't do Web3) 6. Soma Capital (doesn't do game studios) 7. 1AM Gaming (doesn't do Web3) 8. vgames (doesn't do Web3) 9. Mighty Capital (doesn't do game studios) 10. Betaworks Ventures (doesn't do game studios) 11. CoinFund (doesn't do game studios) 12. Bloomberg Beta (no Web3)

Early Game Ventures: Ways of the Heart... Early Game Ventures (EGV) cashed out on its exit from Humans.ai, mixing cash and 9.2 million Heart tokens in the deal. The tokens, worth €128,288 on December 31, 2023, were sold in April 2024, marking the final step in the transaction. EGV closed the mixed-asset deal in 2023, achieving a smooth exit. By April 3, 2024, the value of Heart tokens had peaked. The total exit, including cash and assets, exemplifies EGV’s savvy approach to navigating the virtual economy. (Source: Ziarul Financiar)

The two companies will learn from each other in key areas like live-service games, and may work together on one of Absurd Ventures' unannounced game projects. #gamedev #gameindustry #gamedevelopment https://bit.ly/3DbzHTC

🕹️ There's just something about this team... Yesterday we were proud to announce our $26M series A round, with the backing of Creandum, Supercell, BITKRAFT Ventures, Moneta VC, Play Ventures and Glilot Capital Partners. This milestone is a testament to the incredible growth we’ve been seeing this year - in the short 20 months since our seed round, Appcharge is already processing over $200M per year in sales, and powers the stores of many top-grossing studios. So why do top publishers choose Appcharge? Honestly, it’s the team. I get to work with some of the most talented people I’ve ever met. Our team is unlike any other - we’re a group of mobile game monetization experts who’ve built and scaled some of the best games in the world. There’s no crash course for understanding what it takes to succeed in mobile gaming—our expertise comes from years of doing the hard "grindy" work, navigating the challenges, and finding solutions that truly make a difference. But it's not just the expertise - it's how much heart this team brings to the table. Our clients entrust us with their most valued players and significant portions of their revenue. Not dropping the ball means honoring that trust—it’s a responsibility we hold sacred. To everyone on this incredible journey with us - THANK YOU! This milestone is all yours. 🎉 #Funding #GamesIndustry #MobileGames #DTCWebstore

#helyes #gamedev BIT ODD has raised €17M in a funding round led by Griffin Gaming Partners, with contributions from Makers Fund, Index Ventures, and other prominent investors. By @arcticstartup https://lnkd.in/dMC7u5Da #NordicMade #NordicDev

#fundingalert 💼Company: Jamango! 💰Funding: $2.5 Million ⚡Round: Pre-Seed 👥Investors: Elkstone and Delta Partners, Brian Caulfield, Brendan O'Driscoll, and Conor Sheahan With Jamango!, a browser-native gaming platform, anybody can quickly develop and play games created by others. Unlocking imaginations and enabling people to play, interact, and create without boundaries is Jamango!'s aim. The platform's accessibility for anyone wishing to create or modify their own games has contributed to its success. Players may mix basic block-based construction with a no-code editor, so that a lack of coding experience is no longer an obstacle to involvement. Adam Dalton, Rich Barnwell, Richard Whelan Read more - https://lnkd.in/gheNXxfc To share your startup story write us on - contact@startuprise.co.uk #Jamango #gamingplatform #games #funding #fundingnews #startup #startupnews #startuprise