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NAG Studios raises $1M in pre-seed round

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NAG Studios raises $1M in pre-seed round

admin by admin
October 12, 2020
in Commercial, Europe, Games, Investments, Latest News, M&A, Markets
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Swedish video games growth studio NAG Studios has obtained $1 million (£765,565) in funding by way of a pre-seed spherical.

The spherical was led by London Enterprise Companions, an early-stage fund that has invested in Supercell, Unity, and Playfish.

NAG Studios Pre-Seed round
Credit score: NAG Studios

RELATED: Talon Esports raises $2M in seed spherical

With the capital, NAG Studios plans so as to add video games builders to its ranks to “alter the course of aggressive gaming & esports” and “construct a task mannequin studio in each growth tradition and model.”

Are Mack Growen, Basic Associate at London Ventures Companions, spoke on the choice: “Aggressive multiplayer video games are the spine of the trendy, on-line gaming trade, and have pushed video games into mainstream tradition because the dominant media kind.

“Peter and Johan deliver complementary backgrounds and distinctive insights – every having intimate information of aggressive video games, their growth and neighborhood – to supply the subsequent era of aggressive, gaming leisure. Their complete leisure idea and neighborhood strategy units them aside from something we’ve seen within the house.”

RELATED: ReKTGlobal raises $35 million from Summit Companions

In addition to London Enterprise Companions, NAG Studios has obtained funding from early-stage enterprise capital agency Antler. Ninjas in Pyjamas founder Emil “HeatoN” Christensen serves as an advisor to the studio.

Peter Stahl, CEO and Co-founder of NAG Studios, commented: “This chance, to merge 40+ years of AAA sport making expertise with a deep experience & community of aggressive gaming professionals, is extremely distinctive and powerful. We goal to construct aggressive video games with a novel format, like a digital tremendous bowl that’s as thrilling to look at as it’s to play.

“At the moment’s players aren’t simply taking part in anymore. They’re additionally watching. Streamers are the brand new superstars, however video games are nonetheless solely constructed to be performed. Along with streaming and gaming professionals built-in into the studio, the sport is to be really made for the brand new gaming tradition.”

Esports Insider says: NAG Studios is actually bold in its wording so we’re retaining a eager eye on the way it executes its plans, particularly after this spherical of funding. Some attention-grabbing individuals are concerned within the studio and that solely raises our expectations for its output.

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