M2 MONITOR: Feb 25, 2022
This week we had flurry of investments and acquisitions:
- THQ Nordic acquires Metricminds
- Tencent acquires 1C Entertainment
- Speech Graphics raises $7 million
- Unreal Engine available in preview
INDUSTRY NEWS FOR THE WEEK OF: Feb 25, 2022
Aviron raises $18.5M as it plans to expand its entertainment content
Backbone raises $40M following iPhone peripheral launch
Game companies raise donations for Ukraine, cut Russian ties
GameSquare launches Fourth Frame content creation studio
Jambo raises $7.5M to launch web3 play-to-earn superapp
Potato Play raises $5m, launches Merge Restaurant
INVESTMENT INDEX FOR THE WEEK OF: Feb 25, 2022
| DATE | TYPE | COMPANY | INVESTORS – ACQUIRERS | AMOUNT (M) | ROUND | CATEGORY | FOCUS | CITY |
| 2/22/22 | Acquisition | Inflexion Games from Improbable | Tencent | – | – | Games | Developer | Edmonton |
| 2/22/22 | Investment | Chillchat | Solana Ventures, FTX Ventures, Animoca Brands, Griffin Gaming Partners, A&T Capital. Yield Guild Games | $1.9 | Seed | Metaverse | Mobile | Bangkok |
| 2/23/22 | Investment | Backbone | Index Ventures, Sound Ventures, Adjacent, Patrick Spence, Jason Citron, The Weeknd, Kevin Hart, Post Malone, Sean Combs, Amy Schumer, others | $40.0 | – | Games | Mobile | San Francisco |
| 2/23/22 | Investment | PowerUp Acquisition | SPAC | $250.0 | – | Games | Investments | |
| 2/23/22 | Investment | Speech Graphics | Sands Capital | $7.0 | – | Tools | Facial Animation AI | Edinburgh |
| 2/23/22 | Investment | Fast Break Labs | Patron Ventures, Pantera Capital | $6.0 | Seed | Games | Web3 | San Francisco |
| 2/27/22 | Investment | Fast Break Labs | Patron, Pantera Capital, Collab+Currency, Solana Ventures, South Park Commons, angel investors | $6.0 | Seed | Games | Sports Games | San Francisco |
| 2/24/22 | Acquisition | Metricminds | THQ Nordic | – | – | Games | Animation | Frankfurt |
| 2/24/22 | Investment | Potato Plat | Everblue Management, Play Ventures, Atlas Ventures, Beenext | $5.0 | – | Games | Mobile | Singapore |
| 2/25/22 | Acquisition | 1C Entertainment | Tencent | – | – | Games | Developer | Warsaw |
| Source: M2 Insights | ||||||||
