Wolf3D, an Estonian company building a virtual identity platform for games and VR, has raised $1.3 million in seed funding. Trind Ventures, Presto Ventures, Koha Capital, Spring Capital and Contriber Ventures and a few angels participated in the round. The company has now raised a total of $2.8 million. “Games have become social media platforms […]
NASDAQ-listed gaming giant Zynga has acquired Turkish mobile-game maker Peak for a whopping $1.8 billion, as reported by Webrazzi a few days ago and this morning by Bloomberg. Peak had raised only about $18 million in VC funding from the likes of Earlybird, Hummingbird Ventures and Endeavor Catalyst, so there’s some people making a killing […]
Editor’s note: This interview has been recorded and published as part of a content project in collaboration with the Japan External Trade Organization (JETRO). The idea of cloud gaming has been around for a long time, but only now, with the likes of Google’s Stadia and Nvidia’s GeForce Now, it seems to be getting closer to […]
London-based on-demand ‘artificial voices’ provider Sonantic has secured €2.3 million in seed funding with a lofty goal to upend the global game and entertainment voice industry. The round was led by EQT Ventures with prior backers such as Entrepreneur First, AME Cloud Ventures and Bart Swanson of Horizons Ventures chipping in. Founded by two speech […]
French gaming giant Ubisoft has acquired 75 percent of Berlin-based Kolibri Games, a top developer of mobile free-to-play games and one of the leaders of the “idle” games genre. Jean-Michel Detoc, Executive Director of Ubisoft Mobile, explained: “We are strengthening our ‘idle’ games portfolio with the acquisition of Kolibri Games, one of the leaders in […]
Back in 2016, when Kolibri Games first launched as Fluffy Fairy Games, the co-founders Janosch Sadowski (co-CEO), Daniel Stammler (co-CEO), and Oliver Löffler (CTO) received a lot of pushback from the industry for applying a lean startup methodology to the development of a game. “People in the industry said that you can’t release a game […]
MY.GAMES, a subsidiary of Mail.Ru and one of Eastern Europe’s leading online entertainment brands, has announced its acquisition of Minsk, Belarus-based studio SWAG MASHA, which is behind popular mobile title Love Sick: Interactive Stories. With more than three million registered players around the world, the game was SWAG MASHA’s first ever released (last January). MY.GAMES […]