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.

Jul 18, 2024•over 1 year ago

Amount Raised

$7 Million

Round Type

seed

StockholmVideo GamesGaming

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.

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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Funding Insights

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