M2 MONITOR: JAN 14, 2022
This week we had numerous investment news:
- Take-Two Interactive to buy FarmVille creator Zynga for $12.7 billion
- Forte Acquires N3TWORK’s Platform to Further Accelerate Growth in Blockchain Games
- Yahaha Studios raises $50M for a no-code game creation metaverse
- Project Cambria: All there is to know about Meta’s rumored Oculus Quest Pro
- Maxon Finalizes Acquisition of ZBrush Maker Pixologic
INDUSTRY NEWS FOR THE WEEK OF: JAN 14, 2022
DoubleDown Interactive Taps into Metaverse Through Investment in Epic Games
Esports platform Rooter raises $25 million in Series A funding
Fan Controlled Football raises $40M for spectator-controlled football games
Forte Acquires N3TWORK’s Platform to Further Accelerate Growth in Blockchain Games
Fortnite Returns to iPhones Thanks to Nvidia’s Gaming Loophole
Frontier sees net loss of £1.7m
Gaming community startup Turnip bags $12.5 million funding co-led by Greenoaks, Elevation Capital
Lootex raises $9M for its blockchain metaverse marketplace
TakeTwo Interactive to buy FarmVille creator Zynga for $12.7 billion
4 Innovations That Give a Sneak Peek Into the Metaverse
Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse
Apple Reportedly Has No Metaverse Plans For its Headset
As the race to develop the metaverse heats up, it looks like Microsoft is losing employees to Meta
Microsoft Vortex Project – the Company’s Metaverse – is Seeking Employees
Second Life founder returns to revamp his original metaverse
Yahaha Studios raises $50M for a no-code game creation metaverse
INVESTMENT INDEX FOR THE WEEK OF: JAN 14, 2022
| DATE | TYPE | COMPANY | INVESTORS – ACQUIRERS | AMOUNT (M) | CATEGORY | FOCUS | CITY |
| 1/8/22 | Investment | Guangli Technology | N/A | $15.7 | AR | Underwater Glasses | Hangzhou |
| 1/8/22 | Investment | Fund | MetaLaunch | $3.0 | Metaverse | Singapore | |
| 1/8/22 | Investment | SYN CITY | Overwolf, Twitch, Project Galaxy, Animoca Brands, Huobi Ventures, others | $8.0 | Metaverse | User generated content | |
| 1/10/22 | Investment | Mojo Vision | Amazon Alexa Fund, PTC, Edge Investments, HiJoJo Partners, NEA, Liberty Global Ventuers, Advantech Capital, AME Cloud Ventures, Dolby Family Ventures, Motorola Solutions, Open Field Capital | $45.0 | AR | Smart Lens | Saratoga |
| 1/10/22 | Acquisition | Zynga | Take Two Interactive | $12,700 | Games | Mobile | San Francisco |
| 1/10/22 | Investment | StageZero | Konvoy Ventures, Ludus, Hyperramp, Into Ventures, Nordic Game Ventures, Alexis Bonte, Andrew Sheppard | $1.8 | Games | Mobile AI | Helsinki |
| 1/11/22 | Acquisition | MagicLens (Humai) | CareAR | – | AR | 3D Visualization | Vienna |
| 1/11/22 | Investment | Lootex | Spartan Capital, Infinity Ventures Crypto, LD Capital, Akatsuki, Polygon Studio, HTC, Huobi Ventures, Morninstar Ventures, others | $9.0 | Metaverse | Blockchain Marketplace | Taipei |
| 1/11/22 | Investment | AmazeVR | Partners Investment, Smilegate Investment, Quantum Ventures Korea, ABC Partners, Everrich Group, GS Futures | $15.0 | VR | Virtual Concert Platform | West Hollywood |
| 1/12/22 | Investment | Yahaha Studios | HillHouse, Coatue, ZhenFund, Bertelsmann Asia Investments, BiliBili, Xiaomi, others | $50.0 | Games | No-code platform | Helsinki |
| 1/12/22 | Investment | Fan Controlled Football | Animoca Brands, Delphi Digital, Gemini Frontier Fund, 6th Man Ventures, Jump Crypto, Red Beard Ventures, GoldTree Asset Management, Sebastian Borget, Lightspeed Venture Partners, Talis Capital, Verizon Ventures, Correlation Ventures, Basecamp Fund | $40.0 | Games | Sports league | Los Angeles |
| 1/13/22 | Acquisition | Astragon | Team17 | $86.0 | Games | ||
| 1/13/22 | Acquisition | Lab Cave | Airnow | – | Games | Mobile | Madrid |
| 1/13/22 | Fund | Bright Gambit | Andreea Chifu (business developer at Raw Fury), Tim Browne (creative director at Expansive Worlds), Juliette Auverny-Bennetot (legal counsellor at Raw Fury), Vic Bassey (founder of Games Industry Africa), investor Karl Magnus Troedsson, Robert Backstrom (Aurora Punks’ founder), Tobias Andersson (Turborilla’s founder) | – | Games | Indie Developers | Stockholm |
| 1/13/22 | Investment | Epic Games | DoubleDown Interactive | $1.5 | Games | Social | |
| 1/13/22 | Investment | Turnip | Greenoaks, Elevation Capital, SEA Capital, Vibe Capital, angel investors | $12.5 | Games | Community Platform | Bengaluru |
| 1/13/22 | Investment | Rooster | Lightbox, March Gaming, Duane Park Ventures, 9Unicorns, ADvantage, Capital-A, Goal Ventures, existing investors IeAD Sports, Health Tech Partners | $25.0 | Games | Streaming Esports Platform | New Delhi |
| 1/13/22 | Acquisition | N3TWORK | Forte | – | Metaverse | Mobile platform | San Francisco |
| Source: M2 Insights |
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