Lost Lake Games, a cross-platform game development studio, has announced that it has secured $5 million in new investment in a seeding funding round.
Bitkraft Ventures led the round with contributions from Lightspeed Venture Partners, 1UP Ventures, and Moon Holdings.
Lost Lake Games said the investment would expand its development team, game development, and production. The studio intends to make games that are “bold and imaginative.”
Lost Lake Games was launched by CEO James Phinney, Mark Pottorf, and Joe Pikop in 2021.
Lost Lake Games CEO James Phinney said, “Lost Lake is not tied to a single platform or genre but rather to a core belief that empowering talented individuals and fostering a culture of collaboration leads to incredible games. We are thrilled to be working with Bitkraft Ventures and the whole team of investors who are helping bring our vision to life.”
Phinney was the lead designer of StarCraft and worked on titles such as Warcraft, Diablo, and State of Decay. Pikop is a former Rockstar Games and ArenaNet member, while Mark Pottorf was a programmer and engineer at Quantum Conundrum and H1Z1.
Praising Lost Lake’s founder, Scott Rupp, the founding general partner at Bitkraft, commented, “It’s extremely rare to find a co-founder trio spanning design, engineering, and art who played key roles in iconic game franchises. This is an incredible opportunity to back a game studio with a bold, imaginative vision, a strong collaborative and empowering culture, and excellent iterative execution capabilities.”
Recently, Frost Giant Studios, an independent game studio, has raised $25 million in a Series A financing round to develop a real-time strategy (RTS) title. Another new studio, Social First, also secured $2.5 million in pre-seed funding to develop social multiplayer games.
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