LA-based sport studio Singularity 6 has banked extra funding because it scales itself up and readies for the launch of its debut title.
The startup tells TechCrunch they’ve raised $30 million in a Collection B bout of funding led by FunPlus Ventures with extra participation from Andreessen Horowitz (a16z), LVP, Transcend, Anthos Capital and Mitch Lasky. The studio has now disclosed some $49 million in funding, a large sum, however one which showcases how a lot buyers need to rally round gaming platform performs within the wake of Roblox’s monster IPO.
In 2019, Singularity 6 raised a $16.5 million Collection A led by Andreessen Horowitz. On the time, the studio was mum on particulars about its upcoming debut title, however we’ve realized extra about it since.
The title, Palia, is a neighborhood simulation sport that appears to be extra centered on Animal Crossing-like neighborhood mechanics in an MMO setting, moderately than infinite battles. Final month, the studio showcased a launch trailer of the title which hinted at a great deal of the gameplay. Palia appears to be a medieval Zelda-like setting the place customers can transfer between cities in an open world setting whereas farming and accumulating assets to construct buildings in a shared world.
The corporate has stated in advertising supplies that the title is “designed to create neighborhood, friendships and an actual sense of belonging.” In an announcement, a16z accomplice Jonathan Lai referred to as the upcoming title, “heat and dynamic.”
There are nonetheless fairly a little bit of unanswered questions in regards to the title, which is presently taking sign-ups on its web site to be alerted to pre-alpha entry. We do know that loads of VCs are betting tens of millions on the prospect that this multiplayer title might be huge.