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Omeda Studios lands $2.2m in funding from investors, also scores grant from Epic

Date Type Companies involved Size
March 10th, 2021 investment Epic Games
Omeda Studios
$2.2m
Omeda Studios lands $2.2m in funding from investors, also scores grant from Epic

London-based game developer Omeda Studios has closed a $2.2 million seed funding round to work on Predecessor, a successor to Epic's Paragon.

As revealed in a blog post on the firm's website, the investment was led by GFR Fund, with Inventure, Progression Fund, 1Up Ventures, Aream & Co. and Ride Ventures, along with UK’s super gaming angels Chris Lee, Jas Purewal and Rupert Loman also taking part. In a news post the previous day, Omeda also announced that it had received a grant as part of Epic's MegaGrants program.

This cash is being used to make Predecessor, a game based on Epic Games' MOBA Paragon. That title was cancelled in 2018, but the firm made all of its assets available to developers using Unreal Engine. Epic said at the time that this represented $12 million of work.

Omeda was founded by CEO Robbie Singh (pictured), a streamer, who used to play Paragon and wanted to finish what Epic had started.

“We put a lot of emphasis on listening to our community, which helps to ensure we are building the MOBA that we and our community want to play,” Singh said.

“We are a young studio and have the freedom to take risks that lead to big outcomes. Closing this important round of funding will help us get there - not just financially, but through access to top investors and game industry veterans including Ed Fries, co-creator of Xbox; Chris Lee, who has led multiple studios through successful exits; and GFR Fund, with deep roots in gaming and entertainment, among others. We are fortunate to collaborate with these exceptional partners as we continue to support Predecessor throughout the game’s lifecycle."


PCGamesInsider Contributing Editor

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 joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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