Cell gaming firm Lightfox Video games raised $6 million in recent capital to assist gasoline growth of a brand new recreation.
CEO Ryan Hanft-Murphy confirmed the brand new funding however declined to offer particulars about buyers.
Based in 2019, Lightfox is the Seattle-based studio behind the 2021 cell recreation Knight’s Edge, previously often called Tremendous Battle League.
“Along with our recreation, Knight’s Edge, we simply began engaged on a brand new recreation that we’re actually excited to deliver to the world,” Hanft-Murphy stated in an electronic mail to Startup. Lightfox plans to disclose additional particulars about its new venture this summer time
Self-described as a “PvP Raid Area” recreation for iOS and Android, Knight’s Edge groups gamers up in teams of three, then pits them in opposition to each monsters and different gamers’ groups in a race to be the primary to finish every battle.
Lightfox employs 9 folks, and celebrated Knight’s Edge’s first anniversary in September.
A lot of Lightfox’s founders, together with Hanft-Murphy, are former staff of the Seattle gaming startup Z2, which was acquired in 2015 by King, the developer of the mobile-games juggernaut Sweet Crush. King itself was subsequently acquired by Activision Blizzard in 2016, which shut Z2 down in 2019.
The cell market is constantly the biggest and most worthwhile sector of the video video games trade. In a report from final month, analytics firm Newzoo estimated cell gaming as a $92.2 billion market, which is barely greater than PC and console gaming sectors collectively.
Lightfox beforehand raised $3.3 million in 2020 in a seed spherical that included participation from March Gaming, Hiro Capital, and Ed Fries’ 1Up Ventures.
An SEC submitting for Lightfox’s newest spherical of funding lists March Gaming director Louis Gresham and Hiro Capital founder/companion Cherry Freeman. Each March Gaming, in Santa Monica, Calif., and Hiro Capital, in London, are enterprise capital funds that particularly concentrate on online game and metaverse applied sciences.