Looking to enhance its reach amongst the 16-34-year-old demographic, the UK’s ITV has acquired a minority stake in Live Tech Games via its Studio 55 Ventures arm. The investment follows a successful pilot project between the two entities that ran earlier this year. Working with ITV’s This Morning team, Live Tech Games kept thousands of […]
Stockholm-based VR games studio Resolution Games has raised $25 million in a Series C funding round. The influx of capital is slated to accelerate growth and scale ahead of projected market growth. Resolution Games has raised a total of $38.5 million to date. Resolution Games was founded in 2015, and if the name Tommy Palm […]
Dream Games, a fledgling mobile games outfit based in Istanbul, has scored a $155 million Series B round led by Index Ventures and Makers Fund that gives the company a post-money valuation of $1 billion. Balderton Capital, IVP and Kora also chipped in for the round, which comes mere months after the company secured a […]
Parisian mobile games published Voodoo has acquired Tel Aviv-based cross-channel marketing automation platform Bidshake. Bidshake will remain an independent entity and operate independently, while the financials of the deal were not disclosed. Founded in 2019 and launched in 2020, Bidshake provides a one-stop marketing automation solution for games publishers to acquire users and ultimately monetise. […]
Take-Two Interactive has announced that it has acquired privately-held Serbian mobile games developer Nordeus for up to $378 million. The upfront price of $225 million is comprised of cash and $90 million in newly issued shares of Take-Two common stock. The Nordeus founding team will receive the stock consideration and continue to run the company, […]
PortalOne, the Oslo-based hybrid games platform, has raised $15 million in an oversubscribed seed round. The funding saw a bevvy of investors lining up to hand over capital including European VC firms Talis Capital, Seedcamp, and SNÖ Ventures, as well as U.S.-based funds including Peter Theil’s Founders Fund, TQ Ventures, Coatue Management, Signia Venture Partners, […]
Prague’s MADMONQ has secured €500,000 in seed financing from AdRock Ventures, poker player Bertrand Grospellier, Twitch streamer Lex Veldhuis, content creator Radek Starý, Lukáš Křítek, and entrepreneur Vojta Roček. The funding is slated to be used towards new product development, scaling the team, and paving the way for a Series A round, planned for late […]