L8 Studios has efficiently closed its first funding spherical, marking a step ahead within the firm’s enterprise objectives.
The studio will function within the hyper-casual market, the place the founders group all have expertise, and in addition work in lots of factors of the sport ecosystem. Nevertheless, the corporate’s main focus is the cell title Crit Wheel.
Crit Wheel is a PVP battle royale racing title which can function AR know-how, and the studio have large plans for the upcoming launch. “In addition to the video games personal system we’ve additionally began to plan e-sport space of our recreation. We’ll develop a system that world has by no means seen earlier than,” mentioned CEO and artistic director Emre Ergül.
Ergül additionally said that the help of WePlay Ventures and Lima Ventres, who participated within the funding spherical, was key of their success. “It was crucial to have the belief of WePlay, an funding firm centered on the gaming trade, and Lima Ventures, which has investments within the gaming trade, and now’s the time to show ourselves,” said Ergül.
“We shortly closed our pre-seed funding spherical, now we need to enhance our recreation with our teammates and switch our potential into a worth in world markets along with our buyers.”
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 yr.
Final yr, WePlay invested extra in cell titles than in both console or PC, with cell video games accounting for 60% of their portfolio.
