Ventures

Epic Games Raises a $1.8B Funding at a Post-Money Equity Valuation of $17.3B

Fortnite developer Epic Games announced a $1.78B USD corporate venture round consisting of primary capital and secondary purchases from employee equity holders. The investment puts the company’s post-money equity valuation at $17.3B, up roughly 15% compared to its $15B valuation in 2018 when Epic Games raised a $1.25B round. The funding round includes a $250M strategic investment made by Sony Corporation in July. Participants in the investment round included UK investment management firm Baillie Gifford (roughly $250B under management), funds and accounts managed by BlackRock (roughly $7.4T under management), Fidelity

Mobile developer Tru Luv enlists investors to help build a more inclusive alternative to gaming

Developer and programmer Brie Code has worked at the peak of the video game industry – she was responsible for many of the AI systems that powered non-player character (NPC) behavior in the extremely popular Assassin’s Creed series created by Ubisoft. It’s obvious that gaming isn’t for everyone, but Code became more and more interested in why that maxim seemed to play out along predictable gender lines, leading her ultimately to develop and launch #SelfCare through her own independent development studio TRU LUV. #SelfCare went on to win accolades including

Coming Soon to Xbox Game Pass for PC and Console: Observation, Night Call, Streets of Rogue, and More

My favorite part about Xbox Game Pass is discovering new games I might not have otherwise played, and often that’s indie games. We love working with ID@Xbox to bring you some great games you might not have heard about yet! Let’s give these games a round of applause (and downloads) and jump in! Coming Soon Night Call (Console, ID@Xbox) – June 24As a cab driver working the Paris night shift, you’re many things to different people: friend, confidant, counselor, voyeur. You have the keen ability to get people to talk; and

Season 5 of Ubisoft Entrepreneur Labs has begun, revealing 8 chosen startups

Based in Station F (Paris), Ubisoft launched the newest season of their startup program, led by the Ubisoft Strategic Innovation Lab. The program is oriented around supporting innovative startup products and services by providing them expert assistance and access to world-class facilities.  Season 5 of this series will be focused over social entertainment, as evidenced by statements made by the Program Director of the Ubisoft Entrepreneurs Lab Catherine Seys’ on the 9th of January, 2020. She laid out the foundation for the 5th Season by saying – “We want to

Atari Partners with Unikrn to Increase Game Token Functionality

Gaming and interactive entertainment giant Atari has secured a partnership with blockchain esports firm Unikrn. The deal is geared towards enabling Atari token holders to shop, game, and bet with the firm’s native cryptocurrency. Tokenizing Atari’s Video Game Ecosystem According to a press release published on Thursday (June 11, 2020), California-based gaming heavyweight Atari has signed a partnership with industry-leading esports blockchain company  Unikrn to increase the utility and functionality of its native blockchain game token dubbed Atari Token. Commenting on the details of the deal, CEO of Atari Fred

Gaming Giant Atari to Use Its ‘Atari’ Token for Betting, Gaming and Shopping

Gaming behemoth Atari announced that holders of its Atari token will be able to spend it on betting, gaming and shopping. According to an announcement on June 12, the new offerings for Atari token holders follow a partnership with esports firm Unikrn. With the partnership, Unikrn will get access to Atari’s classic games such as Centipede, Pong and Asteroids. Atari — on the other hand —  will get access to the firm’s esports betting platform and will see its token added to its ecosystem. Per the announcement, Atari’s token will

Prince of Persia Redemption leaked footage shows off gameplay of canceled game

A recently surfaced trailer for a canceled Prince of Persia Redemption game shows a lengthy look at what could have been a sequel to the 2008 reboot. Ever since Prince of Persia was rebooted pretty successfully in 2008, there had been rumors here and there about a follow-up to the game. Those rumors never culminated in anything of real substance, but recently fans discovered a look at what could have been. A gameplay video featuring a game called Prince of Persia Redemption has surfaced and shows off a wealth of