🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

LightFury Games raises $8.5 Mn in Seed round led by Blume

EntrackrEntrackr · 1y ago
LightFury Games raises $8.5 Mn in Seed round led by Blume
Medial

Gaming startup LightFury Games has raised $8.5 million in its Seed round led by Blume Ventures. The round also saw participation from Japanese mobile entertainment firm Mixi and micro venture capital firm Gemba Capital, angel investors such as Kunal Shah, Gaurav Munjal. The proceeds will be used to build AAA titles with an initial focus on mobile games and later expand to other platforms, including consoles. AAA games are titles that typically have big budgets for both development and marketing purposes. Floated by former Unacademy and Tencent Games executive Karan Shroff, Tina Balachandran and gaming industry veteran Anurag Banerjee, the startup has also roped in former Improbable and Electronic Arts executive Chong-U Lim as its chief technology officer (CTO) and long-time Improbable executive Daniel Hall as the company’s senior director of engineering. Chief executive Shroff left Unacademy in September 2022 after a three-year stint at the edtech unicorn. Previously, he also served as the head of brand marketing for Xiaomi India for more than four years. Apart from investing in game development, the funds raised will be used to establish game studios in India and in the UK and hire top talent for these studios.

3one4 Capital leads $3 Mn round in Felicity Games

EntrackrEntrackr · 4m ago
3one4 Capital leads $3 Mn round in Felicity Games
Medial

3one4 Capital leads $3 Mn round in Felicity Games Mobile game publisher Felicity Games has raised $3 million (about Rs 25.8 crore) in a seed funding round led by 3one4 Capital along with participation from international investors such as T-Accelerate Capital, MIXI Global Investments, and its existing investors DeVC and Visceral Capital. The Bengaluru-based company had previously raised $700K in a pre-seed funding round from its existing investors back in December 2023. The proceeds will be utilized to expand its publishing infrastructure and deepen its relationships with Indian game studios, Felicity Games said in a press release. Founded in 2023 by Anurag Choudhary, Felicity Games is an India-based mobile game publisher focused on building global gaming successes. By combining data-driven game development with cutting-edge publishing infrastructure, Felicity helps studios launch, optimize, and scale their games worldwide. Felicity Games aims to bridge the gap in the mobile gaming ecosystem, providing studios with the technology, insights, and comprehensive support needed to compete and succeed on a global scale. The startup is committed to scaling its successful titles and testing additional games by the end of 2025. Felicity aims to empower global game publishing by tapping into India’s burgeoning game development ecosystem. Specializing in hybrid-casual games publishing, the company combines data-driven insights with a strong execution model to deliver high-performing mobile games to audiences worldwide. Felicity claims that it has surpassed $1 million in annual recurring revenue (ARR) and crossed 1 million downloads across its top-performing titles, Seek & Find and Nova Solitaire. The company closed February with over $100K in gross revenue, marking a 4X scale-up from November 2024. It primarily competes with the global notable players in this space such as Voodoo, Homa, Rollic, Supercent, amongst others.

Download the medial app to read full posts, comements and news.