L8 Studios has efficiently closed its first funding spherical, marking a step ahead within the firm’s enterprise targets.
The studio will function within the hyper-casual market, the place the founders staff all have expertise, and in addition work in lots of factors of the sport ecosystem. Nonetheless, the corporate’s major focus is the cellular title Crit Wheel.
Crit Wheel is a PVP battle royale racing title which can characteristic AR know-how, and the studio have massive plans for the upcoming launch. “In addition to the video games personal system we’ve got additionally began to plan e-sport space of our sport. We’ll develop a system that world has by no means seen earlier than,” mentioned CEO and inventive director Emre Ergül.
Ergül additionally acknowledged that the assist of WePlay Ventures and Lima Ventres, who participated within the funding spherical, was key of their success. “It was essential to have the belief of WePlay, an funding firm centered on the gaming business, and Lima Ventures, which has investments within the gaming business, and now could be the time to show ourselves,” acknowledged Ergül.
“We shortly closed our pre-seed funding spherical, now we wish to enhance our sport with our teammates and switch our potential into a price in international markets along with our traders.”
This funding marks the thirteenth title in WePlay’s funding portfolio, in addition to Lima’s second. It additionally marks the second time that the corporate’s have supported the identical firm following an funding in Udo video games final 12 months.
Final 12 months, WePlay invested extra in cellular titles than in both console or PC, with cellular video games accounting for 60% of their portfolio.
