SPLITGATE Development studio gets 100 million dollar funding

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1047 Games has announced that the company has completed another financing round with a total of $ 100 million, with a pre-money rating of $ 1.5 billion.

The leading investor is Lightspeed Venture Partners at the New York Global Private Equity and Venture Capital Company Insight Partners, Anthos Capital and the previous investors Galaxy Interactive, VGAMES, Human Capital, Lakestar, Draperdragon, and Draper University. Since the Open Beta, early this summer, 1047 Games’ online shooter Splitgate has experienced a rapid increase in players on PC, PlayStation and Xbox. The free-to-play game has been downloaded over 13 million times within less than two months.

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Splitgate takes a unique position in the entertainment area and connects the rapid gameplay classic arena shooter with the unique mechanics of portals, whereby players can compete in a way against each other, which only offers splitgate.

In the area of ​​gaming, LightSpeed ​​focuses on founders with a brave vision for innovation and conviction the next generation platform. Said Amy Wu, partner at Lightspeed Venture Partners. We found that at Ian and Nick. You have achieved so much with minimal funding and we are curious to see what you can create with more firepower. We are proud to help you while bringing your brand to the next level.

The funding makes it possible 1047 games to realize their complete vision for splitgate as top animal, AAA competitive shooter and begin to implement the larger vision of the studio – to establish itself as a leading creative power with chamfering and novel IPs in the gaming world. The long-term vision of the team is to introduce an era of new classic games and by transformative new approaches in well-known, globally successful gaming genres, in which innovation is currently resting.

Funding also enables the small studio to recruit the best talents in the industry, because it is currently actively set new people and enlarged the studio.

Building on our core success with Splitgate is our main focus for the immediate future – we enlarge Rapide all areas of our studio, said CEO and 1047 Games co-founder Ian Proulx. We are far from being ready to get what we look as the complete splitgate experience for our local fans. The funding of our partners, together with the faith in and support for our vision, allows us to focus on our short-term growth needs and, more importantly, our long-term vision for 1047 games as a driver completely new gaming experiences for our fans to focus

Insight is proud to be on board with the impressive team of 1047 games. Said Jeff Horing, co-founder and Managing Director at Insight Partners. The passion of the team and the creative drive to become a global manufacturer of digital entertainment is impressive and we are excited to have them as our partners.

Splitgate is currently in an open beta and has been celebrated from the international press as one of the hot games of the summer 2021. The quick increase in players and unprecedented funding rounds in just three months have an attention fluid storm, with 1147 games, unleashed with performances on the E3 and Gamescom

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