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| _modificationDate | Datetime | 2024-09-24 6:17:13 PM |
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| _pageName | Page | Porcelain Fortress Secures $3m |
| _pageTitle | String | News/Porcelain Fortress Secures $3m
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| date | Datetime | | 2024-09-24 5:35:26 PM |
| author | Page | | Dante Uzel |
| category | List of String, delimiter: , | Transfer Market · Drama · Business · Companies · Hires · Investments · Mergers and Acquisitions · Sponsorships · More | Investments |
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| content | Text | | Iceland-based game developer Porcelain Fortress has raised $3 million in seed funding, led by Behold Ventures, Brunnur, and Crowberry Capital. The funds will be used to develop the studio's next game.
The funding has allowed the team to expand from four to 14 employees, with Ingolfur Aevarsson, former director of customer acquisitions at CCP, appointed as CEO.
Porcelain Fortress previously released its debut title, No Time To Relax, which has sold over 350,000 copies since its launch in 2019. The studio reported that July 2024 was its highest-selling month to date.
'''More:'''[[News/Nerd Street Secures $6m|Nerd Street Secures $6m]]
An announcement regarding the developer's next project is expected in the coming weeks. Aevarsson stated, "The team has a proven track record with No Time to Relax of creating fun games aligned with exciting and funny streamable moments that are so vital in game development today to break through to your audience. Streamers have accumulated tens of millions of views with our previous title, and this is a core pillar we are building on with our upcoming title. The company has also gotten invaluable support from the Icelandic Technology Development Fund, without which our ideas would not have come to life." |
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