Funding News, Tips, Tricks & Ideas

Sheffield-based studio Steel City Interactive has raised over £15 million in a funding round led by Novator Ventures.

New developer Studio Camelia is launching its Kickstarter campaign today for Alzara Radiant Echoes, a Mediterranean-inspired JRPG that features work from renowned Dark Souls composer Motoi Sakuraba and Genshin Impact artist Yoshiro Ambe.

AI startup Altera has raised $9 million in a seed round, co-led by Patron and First Spark Ventures.

Government agency Screen Australia has launched the Games Festival and Events Fund.

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At the Game Developer Conference last month, Glow Up Games co-founder and CXO Latoya Peterson contributed to a series of micro-talks around sustainability, calling out the fundamental flaws of games funding.

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Mobile developer Midas Games has secured $1 million in funding in a pre-seed investment round led by Ludas Ventures.

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Gaming software firm Balancy has raised $700,000 in a funding round led by mobile industry veterans.

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.

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Stormgate developer Frost Giant Studios has asked players to invest in the company to support marketing costs for the upcoming real-time strategy game.

Innovate UK has awarded five UK women-led studios with an accolade that includes a combined total of £215,000 in grants.

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This article is part of our Get into Games special, offering students insight on life in the games industry and advice on how to get into the business

Obelisk Studio has secured $2 million from The Games Fund.

Talofa Games has raised $6.3 million in a seed funding round led by venture capital firm Chamaeleon.

Esports Wales has secured an investment of up to £50,000 as part of Media Cymru's Development Fund initiative.

Second Dinner has secured $100 million in a Series B funding round led by Griffin Gaming Partners.

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Gameplay content capturing service Allstar has secured $12 million in a Series A funding round.

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No More Rainbows developer Squido Studio has secured CA$1.5 million in funding.

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Seattle-based developer Harebrained Schemes announced it is splitting with Paradox Interactive. The news comes as no surprise, given the unsuccessful release of The Lamplighters League, the studio's latest game that launched earlier this month.

Venture capital funding in the U.S. fell to its lowest level in six years in terms of venture deal value and the lowest level in deal count in three years during the third quarter.

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A new report suggests that the video game industry’s struggles in 2023 run deeper than firing staff and closing studios.

The amount of money being invested in the video games industry by venture capital funds hit a three-year low in the three months ending September.

Venture capital funding in video games fell to its lowest in three years last quarter.

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Dang!, the developer of fabulous glaive-tosser Boomerang X, are closing down. The studio announced on Twitter that they made the decision after failing to find funding for their next game.

Game developer Dang is closing its doors. On X, the studio revealed it "was not able to find funding for our next project, and we are out of money."

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Luda, which specializes in allowing users to train and launch their own AI agents, announced this week that it’s launching a new system called Real-Time Reinforcement Learning (RT-RL). This allows users to make AI creations that can interact or behave in accordance with physics without the user having to code or animate it. Luda has raised $7 million in funding in support of its AI work.

Like many indie studios, Rendlike from the Czech Republic was born from a passion for video games and the craft of creating them.

The US government is soon to begin awarding up to $52 billion in subsidies for domestic semiconductor manufacturing. The funding is a part of the CHIPS and Science Act that President Joe Biden signed into law in August 2022. But before the funds are given, the US Commerce Department is introducing rules to ensure beneficiaries of the funding don't spend it elsewhere, and it particularly doesn't want it feeding back to China.

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We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!

We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!

The open-source game development tool Godot has fully launched its titular development fund (GDF) that'll help further its development. 

Nvidia's supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors said, with the number of U.S. deals this quarter falling 80% from a year ago.

The developers behind Patapon spiritual successor Ratatan have thanked the project’s backers after it reached the end of its successful Kickstarter campaign.

Ratatan, the spiritual successor to Sony Japan Studio's beloved PlayStation Portable rhythm adventure Patapon, has wrapped up its Kickstarter crowdfunding campaign, successfully amassing well over £1m — substantially above its £100,000 target — along the way.

Cloud Imperium's Star Citizen will soon receive over $600 million from backers, according to the game's website. At time of writing, the game is a little over $5,000 away from hitting that funding benchmark, and continues to be one of the most expensive games to ever be developed. 

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Today, Inworld AI announced it has received a new round of funding from Lightspeed Venture Partners and big corporations like Microsoft (through its M12 fund), Samsung Next, and LG (through Technology Ventures). Even Stanford University and Eric Schmidt's First Spark Ventures participated in this investment round. In previous rounds, other big companies and investment funds like Section 32, Intel Capital, Founders Fund, the Disney Accelerator, BITKRAFT Ventures, The Venture Reality Fund, Kleiner Perkins, CRV, Meta, Micron Ventures, NTT Docomo Ventures, and SK Telecom Venture Capital had pitched in.

Loftia,  an independent cozy MMORPG from Qloud Games, has launched its Kickstarter campaign to fund further development with an eye on release on PC, Mac, and Nintendo Switch. In less than two hours, the team met its $150,000 goal and released the first stretch goals.

Screen Australia has announced the latest beneficiaries of its funds, amounting to AU$3 million (over $2 million) in funding for 23 studios.