TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires SuperAwesome; Build a Rocket Boy raises £32m; Krafton merges PUBG Corp. ahead of 2021 IPO. Epic Games acquires SuperAwesome Epic Games has announced the acquisition of London-based kidtech provider SuperAwesome for an undisclosed sum. The Kids Web Services (KWS) platform built by SuperAwesome is used by developers to incorporate child-friendly services into their digital products, for example GDPR- and age-appropriate advertising. SuperAwesome counts brands such [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: GameStop posts USD$111m (£85.6m) loss; Xbox Series X launch details revealed; and Grimorio of Games and JanduSoft secure USD$450,000 (£346,900). GameStop posts USD$111m (£85.6m) loss Video game retailer GameStop has posted a net loss of USD$111.3m (£85.8m) for the second quarter of its financial year, ended 1st August 2020. Once adjusted, the net loss from continuing operations of USD$91.2m (£70.3m) through the period is significantly wider than the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Challengermode raises USD$12m (£9.1m); Frogwares in legal dispute with Nacon; and Colossi Games secures USD$650,000 (£495,360). Challengermode raises USD$12m (£9.1m) Esports tournament creation and listings platform Challengermode has raised USD$12m in a funding round led by Alibaba Group’s eWTP Innovation Fund, with support from GP Bullhound, Back in Black Capital, and Telia Ventures. The investment will be used by the Stockholm-based firm to expand into North America, develop [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: March Capital launches USD$60m (£46m) gaming fund; Hiber raises USD$2.25m (£1.71m); and Lootcakes secures USD$2m (£1.5m). March Capital launches USD$60m (£46m) gaming fund March Capital Partners has announced the launch of a USD$60m (£46m) fund dedicated exclusively to video game companies. Operating out of Santa Monica, California, the new vehicle will provide cheques of between USD$500,000 (£380,430) and USD$3m (£2.3m) to approximately 12-15 gaming firms at seed or [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games raises USD$1.78bn (£1.35bn); Trump signs executive order against Tencent; and Enthusiast Gaming acquires Omnia Media. Epic Games raises USD$1.78bn (£1.35bn) Epic Games has announced that it has raised USD$1.78bn (£1.35bn) of primary capital and secondary purchases from a host of investors, including Baillie Gifford; BlackRock; Lightspeed Venture Partners; T. Rowe Price Associates; and returning partners KKR and Smash Ventures. The North Carolina-based firm has confirmed that [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Paradox Interactive acquires Iceflake Studios; Sea Monster raises USD$1m (£796,000); and Partner TV launches cloud gaming service with Blacknut. Paradox Interactive acquires Iceflake Studios Stockholm-based developer-publisher Paradox Interactive has announced the acquisition of Finnish multiplatform developer Iceflake Studios for an undisclosed sum. The two studios are currently collaborating on strategy title Surviving the Aftermath, which is currently in early access. Iceflake becomes the ninth subsidiary studio under the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games targets USD$17bn (£14bn) valuation; Ubisoft opens Vietnam studio; and Gearbox Software sues Apogee Software. Epic Games targets USD$17bn (£14bn) valuation Epic Games is set to raise USD$750m (£598m) in a funding round which would raise its valuation from the USD$15bn (£12bn) it garnered in 2018 to USD$17bn (£14bn). According to sources speaking to Bloomberg on condition of anonymity, the round will be financed by existing investors [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sensor Tower raises USD$45m (£36m); Unity acquires Bolt; and Redemption Games receives AppLovin investment. Sensor Tower raises USD$45m (£36m) California-based mobile analytics firm Sensor Tower has announced that it has received a strategic investment of USD$45m (£36m) from Riverwood Capital, which will be used to support the platform’s growth through product innovation and recruitment. Since an initial USD$1m seed funding round in 2013, Sensor Tower has expanded organically, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Cloud Imperium raises USD$17.25m (£13.91m); €1m (£892,000) investment in Anybrain; and Koch Media & Kalypso Media expand publishing partnership. Cloud Imperium raises USD$17.25m (£13.91m) Cloud Imperium Games has announced that it has raised USD$17.25m (£13.91m) in additional funding from existing investors the Calder Family Office; Snoot Entertainment; and ITG Investment. The investment was raised through a one-time discounted share purchase option negotiated at the time of the developer-publisher’s [...]