Sky and Journey creators raise $35M for new gaming studio
- Company
- Undisclosed
- Funding stage
- Undisclosed
- Amount
- $35 million
- Date
- Location
- 🇺🇸 the US
- Sector
- Video Games
- Investors
- Undisclosed
What happened
A studio led by the creators of Sky: Children of the Light and Journey raised $35 million in new funding. The studio aims to focus on social online casual video games.
Why it matters
Veteran gaming founders with hit titles continue to command sizeable upfront checks despite a broader venture slowdown in gaming. Investors are betting on proven creative talent to build scalable, social online titles.
What to watch
The studio's initial product reveal and player retention mechanics in social casual gaming.
VCBites Signal
Why this score: Proven track records from successful games like Sky and Journey enabled the team to secure $35M in early funding for a new studio concept.
VCBites' internal significance rating (0-100) — our editorial read, not a market-standard metric. VC Bites' assessment of the significance of this development to the venture ecosystem. Not investment advice.
Who should care?
- Gaming Investors
- Game Developers
- Consumer Tech
Source
This is an original short summary. Read the full reporting at the original source.
Read the original story on BloombergShare the signal
VC Bites
Sky and Journey creators raise $35M for new gaming studio
VCBITES SIGNAL: 51 / 100
Why it matters
Veteran gaming founders with hit titles continue to command sizeable upfront checks despite a broader venture slowdown in gaming. Investors are betting on proven creative talent to build scalable, social online titles.
VC Bites · Venture capital signals, explained.
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