Page 18 - Hiro Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

#FundingAlert: Startup Loco raises $9 mn led by PUBG distributor Krafton, gaming media fund Lumikai Logo Loco, homegrown game streaming platform, today announced that it has secured $9 million for its first round of fundraising as an independent company. The seed round was led by South Korean gaming firm, Krafton, as well as Lumikai, India’s first gaming and interactive media fund. The round also saw participation by Hashed, Hiro Capital, North Base Media, Axilor Ventures, and 3one4 Capital. The new investment will fuel the platform’s innovation efforts across game streaming technol...

Double Loop Games Closes $8M in Series A Funding for First Mobile Title Trilby Beresford Shelby Moledina and Emily Greer Double Loop Games has closed $8 million in Series A funding to bring to market its first mobile game title. The San Francisco-based company was founded in 2019 by Emily Greer, former CEO of games publisher Kongregate; and Shelby Moledina, former WB Games director of product and DeNa executive producer, who share a vision to create social and accessible games for all types of players. “Games bring us moments of joy, essential social connections, and are pa...

Double Loop Games raises $8 million to create meaningfully charming mobile games '); } Double Loop Games has raised $8 million in funding. The studio plans to use the cash to expand its team as it works on its debut mobile game, which is now being teased as a hybrid puzzle game with deep social elements. Though details are vague, it's exactly the sort of game Double Loop set out to create back when cofounders Emily Greer and Shelby Moledina founded the studio two years ago. The mobile-focused developer aims to create captivating casual games for those that may not even conside...

Today, Double Loop Games announced that it has raised $8 million in Series A funding. The company said that the investment will be used to bring its first mobile title to market and expand its development team. The funding round was led by Hiro Capital, along with participation from Garena, Riot Games, London Venture Partners and others. Alongside the investment, it was announced that Cherry Freeman, co-founder and partner of Hiro Capital, has joined Double Loop Games' board of directors. "Games bring us moments of joy, essential social connections, and are part of the fabric of our everyday ...

The funding will be used to "expand game development and to accelerate growth." Twin Suns Corp is also being backed by Microsoft veteran Ed Fries through his 1UP Fund, while Frvr is also receiving investment from Unity founder David Helgason, Accel, Makers Fund, and more. Twin Suns Corp is a newly formed studio co-founded by industry veterans Tim Longo (Halo), Forest Swartout (Hitman), and Jeff Morris (Gears of War) looking to release AAA games. "Forming this company and team is about bringing amazing people together to collaborate and make uniquely creative and amazing action games," said Ti...