Double Loop Video games raises $8m in Collection A funding
Right this moment, Double Loop Video games introduced that it has raised $8 million in Collection A funding.
The corporate stated that the funding will probably be used to convey its first cellular title to market and broaden its improvement workforce.
The funding spherical was led by Hiro Capital, together with participation from Garena, Riot Video games, London Enterprise Companions and others.
Alongside the funding, it was introduced that Cherry Freeman, co-founder and accomplice of Hiro Capital, has joined Double Loop Video games’ board of administrators.
“Video games convey us moments of pleasure, important social connections, and are a part of the material of our on a regular basis lives — and this previous yr has made it clear that our relationship to video games will solely enhance,” stated Double Loop Video games CEO Emily Greer.
Double Loop Video games was based in 2019 by Greer and Shelby Moledina. Greer co-founded Kongregate and beforehand served as its CEO, whereas Moledina beforehand served as WB Video games director of product and DeNA government producer
The corporate says its aim is to “create video games for every type of gamers, designed to be social, enjoyable and accessible to everybody.”
The developer raised over $2.5 million in a earlier seed funding spherical.
For extra on Double Loop’s plans, take a look at our interview with Greer and Moledina from final yr.