Berlin-based gamedev studio Klang raises $8.95 million for its Seed MMO

German gamedev startup Klang has secured an $8.95 million Series A funding round led by Northzone, with participation from Makers Fund, Novator, and firstminute capital. The capital injection will support the development of the company’s new massively multiplayer online (MMO) title, Seed. Co-founded by game developers who used to work on the massively successful MMO […]

Icelandic social gaming startup Teatime Games raises $9 million

Teatime Games, an Icelandic social gaming company, has raised a $7.5 million Series A funding round, along with a $1.6 million Seed round, both led by Index Ventures. The venture capital firm Atomico also participated in the Series A round. Guzman Diaz of Index Ventures, Mattias Ljungman of Atomico, and David Helgason, founder of Unity […]

Finnish games studio Small Giant raises $41 million in fresh funding

Helsinki-based gaming company Small Giant Games has raised $41 million led by EQT Ventures with participation from Creandum, Spintop Ventures, and PROfounders. The company will use the new funds to expand its developer and graphic design team with a view to reaching international markets with its Empires & Puzzle RPG game and forthcoming titles. Empire […]

Goat simulator maker Gone North acquired by Sweden’s Coffee Stain

Swedish game studio and publisher Coffee Stain has acquired a majority stake in fellow Swedish company Gone North Games, the makers of goat simulator games. No terms for the deal were disclosed. Gone North Studios, based in Stockholm, is the developer of mobile games like Goat Z and Goat Simulator: Waste of Space and describes […]

Lithuania’s CGTrader raises €2 million for its 3D marketplace

Lithuanian startup CGTrader, a 3D model marketplace, has secured a funding round of €2 million led by Karma Ventures with participation from Intel Capital and Practica Capital. The startup develops a marketplace for 3D models to reduce the cost of content creation, targeting professionals working in gaming, video production, VR/AR, and advertising. “By far, the […]

Sweden’s Stillfront acquires Goodgame Studios for €270 million

German game studio Goodgame Studios has been acquired by Sweden’s Stillfront for a €270 million. The deal is €39 million in cash and the remaining in shares. The owners of Altigi, the company behind Goodgame, will gain 36.5% in shares in publicly-listed Stillfront. This marks Stillfront’s third acquisition of the year. It bought OnlineFussballManager.de and […]