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Double Loop Games Closes $8M in Series A Funding for First Mobile Title Trilby Beresford Shelby Moledina and Emily Greer Double Loop Games has closed $8 million in Series A funding to bring to market its first mobile game title. The San Francisco-based company was founded in 2019 by Emily Greer, former CEO of games publisher Kongregate; and Shelby Moledina, former WB Games director of product and DeNa executive producer, who share a vision to create social and accessible games for all types of players. “Games bring us moments of joy, essential social connections, and are part of the fabric of our everyday lives and this past year has made it clear that our relationship to games will only increase,” said Greer, CEO, Double Loop Games. “At Double Loop, we think about how to entertain and create meaningful and charming experiences for anyone that likes to play games as a personal hobby or a social outlet, regardless of whether they self-i ....
Today, Double Loop Games announced that it has raised $8 million in Series A funding. The company said that the investment will be used to bring its first mobile title to market and expand its development team. The funding round was led by Hiro Capital, along with participation from Garena, Riot Games, London Venture Partners and others. Alongside the investment, it was announced that Cherry Freeman, co-founder and partner of Hiro Capital, has joined Double Loop Games board of directors. Games bring us moments of joy, essential social connections, and are part of the fabric of our everyday lives and this past year has made it clear that our relationship to games will only increase, said Double Loop Games CEO Emily Greer. ....
Venture capital fund Hiro Capital is leading investment into three growing studios. The fund today announced its investment into Snowprint Studios, Double Loop Games, and Happy Volcano. The three studios collectively raised $15 million in order to help them expand. Snowprint Studios led by veterans of King, Paradox Interactive, and Wooga is currently running mobile game Legend of Solgard, and is also working on three new mobile projects including Rivengard and an undisclosed AAA mobile IP. Double Loop Games is currently working on its debut social mobile game. It s led by Kongregate co-founder Emily Greer and former DeNA and Warner Bros. Games producer Shelby Moledina. ....
Venture Capital fund Hiro Capital has made investments in three international game studios. The three mobile and cross-platform studios – Snowprint in Stockholm/Berlin, Double Loop Games in San Francisco, and Happy Volcano in Belgium – will use Hiro’s investment to expand their development pipelines and accelerate global growth. They join UK and US Games studios Flavourworks, Polyarc and Lightfox in the Hiro Capital portfolio, alongside pioneers in the gamification of Games Streaming and Digital Fitness LIV.tv, Edgegap, Fix XR and Nurvv. “We are excited to begin 2021 by announcing Hiro’s investment in three amazing games studios, Snowprint, Double Loop and Happy Volcano,” said Ian Livingstone, co-founding partner at Hiro Capital. “Each studio has demonstrated innovation and expertise in developing fun to play games which resonate with today’s audiences. I’m especially pleased that one of the studios came through our first Dark Star™ event for emerging i ....