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.

More:Apex Legends Review Bombed

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

Share:

Sources:

Report mistake Submit news

Related news

View All

Bungie Is Killing What Works to Save What Flopped

According to rumors, Bungie is about to start another layoff round. It looks like Sony is winding down its proven...

Business

May 22, 2026

Embracer Separates Fellowship Entertainment

Embracer Group announced that the Fellowship Entertainment will be a separate public company. Embracer did this several times before, it's...

Business

May 21, 2026

The Esports World Cup's Paris Move Breaks Its Riyadh Promise

Well, honestly 6 months ago this was unthinkable, but here we are. The Esports World Cup relocating to Paris, and...

Business

May 20, 2026

Sony's PlayStation PC Reversal Is Jim Ryan's Plan Dying

Hermen Hulst told staff at a Monday morning town hall that PlayStation's single-player games are going back to console-exclusive. Which...

Business

May 19, 2026

PlayStation Plus Hike vs Game Pass Cut: Same Data, Opposite Calls

PlayStation Plus prices rise for new subscribers on May 20, 2026, less than a month [[News/Xbox Cuts Game Pass Prices...

Business

May 19, 2026

Blue Scarab Secures $7m Investment

Business Investments

18 July 2024 17:46

Tags: Blue Scarab

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.

More:Apex Legends Review Bombed

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."

Share:

Sources:

Report mistake Submit news