Singapore’s Mighty Bear Games raises $10M led by Framework Ventures

Mighty Bear Games, a Singapore-based multi-platform game development studio, announced Tuesday a $10 million round to launch its blockchain division and develop a series of immersive AAA web3 games that are novel, fair and thoughtful.

The round was led by Framework Ventures and includes additional investment from Mirana, Sfermion, Spartan, Dune Ventures, Sanctor Capital, Folius Ventures, Polygon, Play Future Fund, Everblue, Ancient8, Ready Player DAO, Razer, Avocado DAO, DWeb3, Great South Gate, mrblock and more, Mighty Bear Games said in a statement.

Alongside the raise, the studio is announcing its first web3 game slated for release later this year, Mighty Action Heroes, a multiplayer third-person Battle Royale that puts an emphasis on fun, skill, and chaos.

Founded in 2016 by a diverse group of industry veterans with experience at the likes of King, Ubisoft, Lucasarts, Disney and Gameloft, Mighty Bear Games has a proven track record of developing highly engaging games that appeal to universal audiences.

The raise follows an impressive period of growth for the studio, which has rapidly established itself as a partner of choice for the world’s leading IPs and platform owners, with immersive, multi-platform games such as Butter Royale and Disney Melee Mania under its belt.

Source: https://technode.global/2022/07/26/singapores-mighty-gear-games-raises-10m-led-by-framework-ventures/