ProbablyMonsters has announced that it closed its latest fundraising round by revealing its total amount of $250 million.<\/p>\n\n\n\n
This latest round was backed by LKCM Headwater Investments, one of the firm’s original investors.<\/p>\n\n\n\n
The company back in September said it had already secured $200 million, with an additional $50 million having been raised in the latest round. It is the largest amount ever raised by a video gaming company. <\/p>\n\n\n\n
The Washington-based studio said the money would go towards its various development teams to turn it into a more stable home for developers. <\/p>\n\n\n\n
ProbablyMonsters has three development studios with over 230 staff spread across Cauldron, Firewalk Studios, and a third unknown firm. ProbablyMonsters intends to develop multiple AAA titles under its brand.<\/p>\n\n\n\n
Harold Ryan, CEO and Founder of ProbablyMonsters, said, “We’re proud and humbled to announce we’ve closed our Series A raise at $250M. This speaks to the passion and commitment of every single person at ProbablyMonsters and the belief in our vision to build a better, more sustainable home for game developers. With these funds, we’ve secured our long-term independence as a new category of game company. Our goal has always been to invest in our people first. We want them to thrive building games they love in a positive and stable environment and eventually be able to retire from ProbablyMonsters.”<\/p>\n\n\n\n
“As part of our growth, we are now secure beyond any one AAA game project, predictably providing our teams with stable, creatively rewarding, and long-lasting gaming careers. Our goal is to make ProbablyMonsters a home where developers with vision can build a meaningful career, thrive in a positive culture, and deliver amazing experiences to generations of gamers across the world, \u201cadded Ryan.<\/p>\n\n\n\n
“We are excited to expand our partnership with ProbablyMonsters reflecting our confidence in the team’s strong progress executing their vision of developing a portfolio of games led by a proven, well-aligned, and exceptionally talented team in a thoughtfully developed culture since our initial investment in 2018,” said Bryan King, Managing Partner of LKCM Headwater Investments.<\/p>\n\n\n\n
In other news, Virtuos<\/a>, a leading global video game company, announced that it invested in Quebec-based game development studio Umana\u00efa Interactive<\/a>.<\/p>\n\n\n\n Umana\u00efa plans to use the funds to create new games and IPs by leveraging Virtuos’ vast production strength and experience in the gaming industry.<\/p>\n\n\n\n Send your news to news@gamesround.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" ProbablyMonsters has announced that it closed its latest fundraising round by revealing its total amount of $250 million. This latest round was backed by LKCM Headwater Investments, one of the firm’s original investors. The company back in September said it had already secured $200 million, with an additional $50 million having been raised in the […]<\/p>\n","protected":false},"author":14,"featured_media":6391,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1418,1419,1417,1416,911],"class_list":["post-6389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cauldron","tag-firewalk-studios","tag-probablymonsters","tag-umanaia-interactive","tag-virtuos"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t