ProbablyMonsters closes fundraise with $250M for new game studios
ProbablyMonsters announced that it has closed its latest round of fundraising, revealing the final amount of $250 million – the largest raise in video gaming history. ProbablyMonsters plans to put the money towards its various development teams, with the goal of building the whole company into a more stable home for developers.
Harold Ryan, CEO and Founder of ProbablyMonsters, said, “We’re proud and humbled to announce we’ve closed our Series A raise at $250M. This speaks to the passion and commitment of every single person at ProbablyMonsters and the belief in our vision to build a better, more sustainable home for game developers. With these funds, we’ve secured our long-term independence as a new category of game company. Our goal has always been to invest in our people first. We want them to thrive building games they love in a positive and stable environment, and eventually be able to retire from ProbablyMonsters.”