Picture Supply: bit-odd.com.
Led by Index Ventures, a studio primarily based in Helsinki known as Bit Odd, raised €5 million throughout a single funding spherical.
Bit Odd was based by former Supercell builders, a cellular video games growth firm primarily based in Finland, Lasse Louhento, Jani Lintunen, and Taneli Oksama, and solely just lately got here out of stealth mode.
Eric Seufert, who’s investing via his firm Heracles Capital, and angel investor Stephane Kurgan additionally participated within the funding spherical.
In response to Bit Odd, the builders need to convey again a way of marvel and weirdness to gaming. Louhento additionally added that the builders began Bit Odd as a result of they felt one thing was amiss on the planet of gaming. This was not as a result of there isn’t phenomenal expertise and wonderful titles on the market however as a result of an enormous growth in cellular gaming has produced one thing of a gold rush.
Louhento continued the assertion by saying that that is fuelled by a type of Wild West, finance-first pondering the place builders fixate on what the competitors is doing, on analytics, on execution, and on enjoying it protected.
He added that the staff at Bit Odd is, properly, a bit odd in believing that recreation design needs to be about making a leap of religion that isn’t primarily based on knowledge however on feeling, on what stirs the soul, on visiting uncharted waters, and on the concepts and artisanal touches and magical moments that make up a wealthy and distinctive participant expertise.
It’s value noting that previously, Index Ventures have invested in King, Supercell, and Roblox Nonetheless, extra just lately, the corporate additionally efficiently led a $255 million Sequence C funding spherical by Turkish cellular studio Dream Video games and a $40 million funding spherical for the sport streaming service Spine.
