Picture Supply: bit-odd.com.
Led by Index Ventures, a studio based mostly 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 based mostly in Finland, Lasse Louhento, Jani Lintunen, and Taneli Oksama, and solely just lately got here out of stealth mode.
Eric Seufert, who’s investing by means of his firm Heracles Capital, and angel investor Stephane Kurgan additionally participated within the funding spherical.
In response to Bit Odd, the builders wish to convey again a way of surprise 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 earth of gaming. This was not as a result of there isn’t phenomenal expertise and superb 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 secure.
He added that the workforce at Bit Odd is, nicely, a bit odd in believing that sport design needs to be about making a leap of religion that isn’t based mostly 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 price noting that previously, Index Ventures have invested in King, Supercell, and Roblox Nevertheless, extra just lately, the corporate additionally efficiently led a $255 million Collection C funding spherical by Turkish cellular studio Dream Video games and a $40 million funding spherical for the sport streaming service Spine.
