Hello from GamesRound, and welcome to our Weekly Roundup newsletter.
League of Legends developer Riot Games acquires stake in animation studio Fortiche Production. Fortiche Production is the animation studio behind the Arcane series on Netflix, which is based upon the game League of Legends. Read more…
Room 8 Studio acquires art studio Massive Black for an undisclosed sum. The acquisition is part of the developer’s strategy to expand its business operations worldwide. Read more…
Pokémon Go developer Niantic has acquired augmented reality studio NZXR for an unknown sum. Following the acquisition, the NZXR Team will become a part of Niantic’s design and development of multiplayer real-world AR experiences. Read more…
IN OTHER NEWS...
Games platform Dorian has raised $14 million in a Series A funding round led by The Raine Group. The company aims to use the investment ‘further women as creators and as active players in the global games industry. Read more…
Indian esports and game streaming platform Loco has raised $42 million led by blockchain firm Hashed. Loco aspires to use the investment to build the “Twitch for India” as well as accelerate technology and content development. Read more…
Ramen VR has raised $35 million in a Series B funding round led by Dune and Anthos. The company intends to use funds for the further development of its first VR title Zenith: The Last City, and expand the studio. Read more…
Roblox games developer Gamefam has raised $25 million in Series A funding led by Konvoy Ventures. The studio said the money was used to expand its staff to over 100 people and explore ways for it to collaborate with more companies and brands on user-generated content platforms. Read more…
Virtual reality developer nDreams has secured a $35 million investment from the Aonic Group. nDreams said it will use the investment from the Aonic Group to expand its games lineup and hire more staff. Read more…
VR streaming platform Liv secures $8.5 million in a Series A funding round. The company aims to use the investment to grow its team, as well as release its proprietary VR technology to developers. Read more…
Bombay Play has raised $7 million in a Series A funding round. The Indian hypersocial mobile game publisher plans to use the funding to expand on its existing “hypersocial” game offerings, and support future projects. Read more…
Mobile game developer Games24x7 secures $75 million in a funding round. The latest funding round puts Games24x7 valuation at $2.5 billion, making it the most valuable multi-game platform in India. Read more…
Find us on Facebook, or follow us on Twitter, Instagram, and LinkedIn for round-the-clock updates.
Subscribe to GamesRound’s YouTube Channel For The Latest News, Updates, and Interviews:
Connect with over 300 game developers, publishers, and investors using GamesRound.
Sign Up here.
Get news alerts sent directly to you or sign up for our Telegram or Discord service.
Send your news to news@gamesround.com
Don’t forget to share this post
