Frost Giant Studios, Inc.’s Post

Inflation isn't just the cost of eggs. Frost Giant Studios, Inc. has raised ~$35 million dollars to make its upcoming RTS, Stormgate. So what does Frost Giant CEO Tim Morten tell GamesIndustry.Biz? "The reality is that big games that get made today are spending in excess of $100 million. So, for us to go up against AAA games, for us to be a game that really stands as the next-generation RTS of the coming years, it does require a lot of investment. We’ve raised just under $35 million to date — that’s a big number, but it’s a much smaller number than most AAA games actually deploy against building their products. And we are really fortunate to be in a position that we got the funding that we need to get to our early access launch, but we want to launch strongly, and we want to launch in a way that puts us at the same level as AAA games from other publishers." This is such an important statement for players, investors and yes, all of us in the #videogameindustry to really truly understand. There's been a lot inflation in #gamedevelopment and when you couple that with the increased interest rates in the macro economy (which he also mentions in the interview), it creates a very challenging environment to make new games and for #gamepublishing to successfully launch them. Sharing ownership with your fanbase sounds chaotic but makes a lot of sense to me when you're making a game in a genre that has lost its appeal to most massive game publishers. We'll see if the gambit pays off soon. https://lnkd.in/giSpXB2t

Great to see BITKRAFT Ventures interest in the gaming sector and in particular, gaming studios and platforms to support game production. 1️⃣ Other BITKRAFT Ventures investments include Anzu.io, an in-game ad platform; Carry1st, a mobile gaming platform focused on Africa; In'World, a social platform; Karate Combat, a martial arts league; and Immutable, the creator of the Gods Unchained crypto-based game. 2️⃣ Founded by games industry veteran Jens Hilgers, Bitkraft has over 130 companies in its portfolio, and more than $1 billion in assets under management. 3️⃣ He said the firm’s LP base is a mix of family offices and institutional funds, and confirmed a major global sportswear player as an LP but was not at liberty to release the name. 4️⃣ “The strategy we pursued with the second gaming fund is about 30 to 35 companies, average ticket size about $4 million, 50% of the initial capital and 50% follow-on. That strategy has looked successful so far. We’re rated top decile in the latest Cambridge Associates ranking, and we’re happy with that performance,” he added. #bitkraft #frostgiant #gamingfund Nodo Ivanidze

If you guys want me to make this a series let me know but I think it's worth at least one post. If you're fundraising in Web3 gaming, which VCs should you avoid? I'll update this list as I gather more data but I think it's worth noting. 1. Lightspeed (doesn't do Web3) 2. Konvoy (doesn't invest in game studios) 3. Acrew Capital (doesn't invest in studios) 4. The Games Fund (doesn't do Web3) 5. 1Up Ventures (doesn't do Web3) 6. Soma Capital (doesn't do game studios) 7. 1AM Gaming (doesn't do Web3) 8. vgames (doesn't do Web3) 9. Mighty Capital (doesn't do game studios) 10. Betaworks Ventures (doesn't do game studios) 11. CoinFund (doesn't do game studios) 12. Bloomberg Beta (no Web3)

Business of games: 4 biggest funding rounds, partnerships, and trends from the last week (investment round-up details from March 2nd week) 1. Game development and publishing hub The Collective Ace Group has acquired mobile game maker By Aliens 2. Gamecity Hamburg to provide €400,000 for game prototypes 3. Brain Jar Games has raised $6.7 million in a seed funding round, which the studio plans to put towards its debut project Dead as Disco 4. Spatial launches Wolves Den Game Jam as a kind of Shark Tank for game startups TopTrends: InnoGames reveals staff salaries: So how do your compensations compare? #gamedevelopment #gamedesign #businessofgames

#CA-based #Talofa Games secures $6.3M in seed funding. Chamaeleon led the round, in which a16z SPEEDRUN, Basis Set Ventures, Insight Partners, and 1Up Ventures were among the participants. The money will be used by the #business to grow both its #operations and growth initiatives. led by Jenny Xu, the founder and CEO. Run Legends is a cooperative fitness game that #gamers may play synchronously with friends wherever they are in the world, according to Talofa. The character is controlled by movement: go #outside and use your speed and slowness to unleash your fighting talents. Talofa Games , They think that gaming has the #potential to improve both physical and mental health. Currently working on Run Legends, a mobile cooperative role-playing game that requires #movement to play. Talofa Chamaeleon Basis Set Insight Partners Jenny Xu To share your startup story write us on - [email protected] #talfo #funding #eustartup

#fundingalert 💼Company: Jamango! 💰Funding: $2.5 Million ⚡Round: Pre-Seed 👥Investors: Elkstone and Delta Partners, Brian Caulfield, Brendan O'Driscoll, and Conor Sheahan With Jamango!, a browser-native gaming platform, anybody can quickly develop and play games created by others. Unlocking imaginations and enabling people to play, interact, and create without boundaries is Jamango!'s aim. The platform's accessibility for anyone wishing to create or modify their own games has contributed to its success. Players may mix basic block-based construction with a no-code editor, so that a lack of coding experience is no longer an obstacle to involvement. Adam Dalton, Rich Barnwell, Richard Whelan Read more - https://lnkd.in/gheNXxfc To share your startup story write us on - [email protected] #Jamango #gamingplatform #games #funding #fundingnews #startup #startupnews #startuprise

Notable VC firm Andreessen Horowitz recently raised $7.2 billion for a variety of venture strategies, with $600 million being dedicated towards games. The blog post by Ben Horowitz mentions how each submarket of American Dynamism, Apps, Games, Infrastructure, and Growth have become as big as the original entire VC market. As a result, the company has grown dedicated specific teams in each area rather than trying to cross-train someone in multiple submarkets, like Games and Infrastructure for example. According to Jonathan Lai, this brings a16z Games assets under management (AUM) to over $1.2 billion and this A16Z GAMES FUND TWO will also focus on early-stage founders in games. Jon mentions that now is the best time to build a game startup due to higher player count, more tools & tech, and more funding than ever before. A16Z GAMES will continue to invest across three core areas of games studios building new types of games, games infrastructure companies powering developers, and games x consumer companies powering the ecosystem of consumer apps around games. Will be interesting to see other funds in gaming to see if they progress similarly. Follow #MoreMark for #Business content in #Gaming, #Esports, and #Creators!

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"We need to talk, I have news," are words I've come to dread as a pre-seed startup game studio founder. When times were hard in the industry, ICs dreaded their manager coming to them with those words. As a founder, I dread hearing it from my foxes helping with the studio. Times are hard, and people need money. I won't deny them that. I congratulate them on finding a paying job and help them any way I can. Does it sting and interrupt my roadmap, it can, but health and family ALWAYS come first. What I've heard time and time again, though, is, "I believe in this studio, what it stands for, and you and Terry as founders." That's amazing. We're building something amazing at WFG. I'm staking everything on this studio and the amazing games we have planned for y'all. Our announced first to market is a PvP Match 3 mashup with deep lore and a massive IP waiting to be tapped in future projects. But we're not a "match 3" studio. Close on its heels is something COMPLETELY different. All we need, is a little support to light this rocket. Please follow our upcoming Kickstarter project. The metrics really do help us line up advertising deals for the campaign. Help me make great games for you. Trust. Horns up foxes. https://lnkd.in/g_hZAXJg

Thrilled to announce that The HL Guide for Video Games Startups has surpassed 200 downloads! 🚀 This guide was created so you can have the fundamentals in place so your business doesn’t fail before you really get going. Here are a few things you can find in our guide: ✅ Funding options ✅ Industry experts’ advice ✅ Accounting tips ✅ How to pay taxes & more! Download the Henderson Loggie Guide for Games Startups using the link below 👇 https://lnkd.in/eEMK5DrV  #GameDev #StartupTips #GamingIndustry