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Blue Scarab Entertainment raised $7M in a seed funding led by Netease and Behold Ventures to develop a story-driven MMORPG game blending cozy escapism, horseback riding, and true crime.

PRIVATEJul 18, 2024

Amount Raised

$7 Million

Round Type

Seed

StockholmGamingVideo Games

Investors

CreandumBetwareRaw FuryBehold VenturesNetease

Description

Blue Scarab Entertainment, a new studio based in Stockholm, announced a $7 million seed investment led by Netease and Behold Ventures. The studio is focused on developing its first game, a story-driven MMORPG that combines cozy escapism, horseback riding, and true crime elements.

Quick answer

Blue Scarab Entertainment raised $7 Million in a Seed round, dated July 18, 2024. Investors: Creandum, Betware, Raw Fury, Behold Ventures and Netease. Blue Scarab Entertainment is based in Stockholm, Stockholm County, Sweden.

How much did Blue Scarab Entertainment raise?
Blue Scarab Entertainment raised $7 Million in a Seed round on July 18, 2024.
Who invested in Blue Scarab Entertainment?
Creandum, Betware, Raw Fury, Behold Ventures and Netease are named as investors in this round.
What does Blue Scarab Entertainment do?
Blue Scarab Entertainment is a new game studio headquartered in Stockholm, Sweden with a hybrid and remote workplace.
Where is Blue Scarab Entertainment based and how big is it?
Blue Scarab Entertainment is based in Stockholm, Stockholm County, Sweden. Fundz records about 17 employees.
Who are the decision-makers at Blue Scarab Entertainment?
Fundz holds 1 contact at Blue Scarab Entertainment. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Gaming and Video Games around the same time

Companies in the same sectors as Blue Scarab Entertainment that raised within 45 days of this round, from Fundz verified event records.

  • Nexus Interactive raised $2M (Funding Round) on August 21, 2024.
  • Eschatology Entertainment raised $11M (Series A) on August 14, 2024.
  • Pentagon Games raised $6M (Seed) on August 14, 2024.
  • Oneiric11 Gaming raised $1M (Pre-Series A) on August 8, 2024.
  • MixRift raised $1.6M (Angel) on August 7, 2024.
  • 2weeks raised $1.3M (Angel) on August 2, 2024.

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Company Information

Company

Blue Scarab Entertainment

Location

Stockholm, Stockholm County, Sweden

About

Blue Scarab Entertainment is a new game studio headquartered in Stockholm, Sweden with a hybrid and remote workplace. The studio is developing an original IP: a story-driven MMORPG built using Unreal Engine 5, with a unique blend of cozy escapism and true-crime. Blue Scarab Entertainment is founded by a team of 20+ year industry veterans who led development on Battlefield, World of Warcraft, Age of Conan, IMVU, Star Stable Online, and Helldivers 2.

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Blue Scarab Entertainment raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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