ALL THE LATEST NEWS ABOUT THE BUSINESS OF PC GAMES

News

ProbablyMonsters has raised $200m in funding

Date Type Companies involved Size
September 2nd, 2021 investment ProbablyMonsters $200m
ProbablyMonsters has raised $200m in funding

Game company ProbablyMonsters has announced that it has closed a $200 million funding round.

In a release, the company said that this was a Series A financing round that gave backers preferred stock. The firm previously raised $18.8 million in a private Series A back in July 2019.

This latest round of investment will apparently allow ProbablyMonsters to "evolve and grow." It was led by LKCM Headwater Investments.

“As part of our growth, we are now secure beyond any one triple-A game project, predictably providing our teams with stable, creatively rewarding, and long-lasting gaming careers,” ProbablyMonsters CEO and founder Harold Ryan (pictured) said.

“Our goal is to make ProbablyMonsters a home where developers with vision can build a meaningful career, thrive in a positive culture, and deliver amazing experiences to generations of gamers across the world.”

ProbablyMonsters was founded back in 2016 by the former CEO of Bungie, Ryan. This is a new outfit that acts as an umbrella company for two new developers, Cauldron Studios and Firewalk.


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.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies