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Ganymede Games brings in $550k in angel investment

Date Type Companies involved Size
November 20th, 2019 investment Ganymede $550m
Ganymede Games brings in $550k in angel investment

New Mexico based studio Ganymede Games has raised over half a million in angel investment.

That's according to GamesIndustry.biz, which reports that the new developer has brought int $550,000 in funding from angels. This cash has come from firms including New Mexico Angels, Arrowhead Innovation Fund and Abenteuer Ventures.

Ganymede was founded by veterans of Wargaming, Riot, Id and Blizzard in February of this year. Right now the studio is working on its first title, with this funding going towards building a demo and internal testing. This $550,000 is on top of $350,000 that the developer has raised from the city of Las Cruces and the state of New Mexico's Local Economic Development Act.

The studio was set up in New Mexico due to tax credits for film, TV and games firms.


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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