Blue Scarab Secures $7m Investment

Business Investments

18 July 2024 17:46

Blue Scarab Entertainment has successfully secured $7m in a seed funding round. The round was led by NetEase and Behold Ventures. Other notable contributors included Jonas Antonsson, co-founder of Raw Fury, Ólafur Andri Ragnarsson, co-founder of Betware, and Stefan Lindeberg, co-founder of Creandum.

The studio, guided by industry veterans CEO Colin Cragg and CTO Enno Rehling, plans to utilize the funds to develop its inaugural MMORPG title. Additionally, the team announced former DICE creative director Craig Morrison as studio director, Guillaume Lhoyer as principal designer, and Ashley Nicollette as community and marketing director.

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Craig Morrison stated “As the games industry has expanded, we have welcomed many new audiences. We believe there is space for fusing and evolving previous gaming and media experiences into something new and fresh for this expanded community."

Tags: Blue Scarab

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