Return Entertainment has announced it secured $6 million (€5.3 million) in a funding round led by Bitkraft Ventures.
Besides, Bitkraft Ventures—Sisu Game Ventures, 1Up Fund, Vgames, and Smok Venture also took part in the funding round.
Based in Helsinki, Return Entertainment will use the cash to develop two cloud-native games that will allow players to cross-play between PC browsers, tablets, and mobile devices. The studio intends to make one title for casual audiences and another game that will cater to hardcore gamers.
Return Entertainment was launched in 2019 by industry veterans CEO Antti Sartanen, lead designer Toni Hollming (Helsinki GameWorks co-founder), and CTO Tuomas Paavola (the co-founder of Immersal).
“Cloud-native gaming is basically gaming on steroids; you have the same devices that gamers already play on, but suddenly the experiences are more accessible, shareable and rich in visuals and simulations,” said Return Entertainment CEO Antti Sartanen. “With the right combination of technology and game design, we can come up with incredible new types of games that were not previously possible, including games with more detailed worlds and physics, meaningful games that can be joined in an instant.”
Speaking to GamesBeat, Sartanen wants Return Entertainment to be among the first developers to make the best cloud technology for developing games.
Bitkraft Ventures’ founding general partner Malte Barth commented,” Cloud-native gaming enables developers to offer deeply immersive 3D experiences at the convenience of a single click, making AAA more accessible to everyone and enabling new business models.”
In other news, Tripledot Studios, a UK-based mobile game developer, has raised $116 million in a Series B funding round. The studio said it would use the investment to expand its game portfolio and M&A operations.
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