Mighty Bear, a videogame studio that has risen from the ashes of King.com, is now getting ready to release its first title. The game that will come in mobile form has just received some new funds that will secure its flawless development. This adds to another successful fundraising campaign that ended at the beginning of last year.
Mighty Bear raised a lot of money in a short period of time
Mighty Bear is a videogame startup founded by four members of the now-closed Singapore office of King.com. To start their activity, these members needed some funding that they actually managed to raise in 2017. Back then, they achieved $775,000, which helped them start their first development sessions and hire 14 more members with experience.
The future looks bright for the studio, as it managed to strike a deal for another funding contract. So far, the Mighty Bear founders didn’t reveal any details, but the sum most likely has seven figures. Some rumors suggested an actual sum of $2.5 million, but the startup didn’t confirm anything.
So far, Mighty Bear has received the support of famous investors from Asia and Europe. However, if the founders wanted their games to start strong on the market, they needed connections everywhere in the world. Therefore, they started negotiating with North American companies, so they obtained this important deal.
The startup is preparing its first two titles
Now, the studio can take care of all the details before the release of their first title. We don’t know much about it, but the Mighty Bear founders revealed it would be a MMORPG. At the moment, they are running some functionality tests on Indian and Filipino users, but the game should arrive on both Android and iOS before the end of the year.
They are also working on a second title that should also launch soon. This strategy is really interesting, as the studio is planning to release both games more or less at the same time. Their audiences might coincide, so this will be an interesting movement to observe.
Image source: Pixabay