New studio Singularity 6 raises $16.5 million for its first IP

New studio Singularity 6 raises $16.5 million for its first IP

Los Angeles studio Singularity 6 raised $16.5 million in funding for its first IP.

As reported by VentureBeat, VC firm Andreessen Horowitz led the round with London Venture Partners and FunPlus Venture chipping in some cash. Previous backings from these investors include LVP’s support of Supercell, creator of Clash Royale.

The founders of the company, Aidan Karabaich and Anthony Leung (pictured) left Riot Games just over a year ago.

Singularity 6 is currently working on its first IP. However, no details have been given. The company has said that the game uses classic simulation design through multiplayer and virtual community building a high fantasy world.

Chen, a partner at Andreessen Horowitz will join Singularity 6’s board.

“We started Singularity 6 because we knew that games are significant on a personal level, they are more than mere entertainment, but rather a path to community, friendships and a real sense of belonging,” said Singularity 6 CEO and co-founder, Leung, in a statement.

“Games have the power to connect the world and establish vibrant communities whose inhabitants can combine their sense of curiosity and exploration with a true sense of purpose. We are incredibly lucky to have Andreessen Horowitz, who have supported so many innovators, join our mission and of course to have the industry expertise of LVP as we pursue our vision.”

London Venture Partners general partner, David Gardner added: “One of the most exciting aspects of Singularity 6’s first game is its broad appeal across a diverse audience, not unlike how some of the most beloved classic video games of all time have had.

“We continue to be blown away by their approach to creating compelling virtual worlds and connected online communities as well as the rigour and quality bar they have set for themselves.”

Staff Writer

Kayleigh is the Staff Writer for Besides PGbiz and PCGI she has written as a list writer for Game Rant, rambling about any and all things games related. You can also find her on Twitter talking utter nonsense.