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A gamer visits the IndieCade exhibit at E3 2019. Photo: David McNew via Getty Images

Moonrise, an annual fund from Glitch that was created to help a handful of small developers, has announced its first three investment studios: Virtuoso Neomedia, Future Club and Perfect Garbage.

Why it matters: The fund is specifically aimed at developers who traditional publishers might pass on or otherwise deem as risky.

  • In a previous interview, Glitch founder and CEO Evva Karr told Axios' Megan Farokhmanesh that the fund aims to "change the way that we think about making games, funding games. There’s untapped potential for change not just in what developers will make, but how they choose to make it — and what studios arise as a result."
  • Future Club, a cooperatively owned and run studio, is best known for its work on fighting game "Skullgirls." Virtuoso Neomedia created "Killer Auto" and "Raddminton," and Perfect Garbage made "Love Shore."
"Love Shore," courtesy of Perfect Garbage

Moonrise is backing prototypes from "early-stage game studio"s with equity checks of $120,000 to 250,000 and $10,000 Galaxy Grants for projects from emerging artists.

  • "We're backing these three teams because they're brimming with creativity, packed with powerful voices and making vibrant new worlds for players who want more from their video games," Karr told Axios.
  • All three teams are "ambitious, flexible and are phenomenal business leaders who have the capacity to build a game studio from the ground up," they added.

Go deeper

Controversial "Fallujah" video game delayed to 2022

Screenshot: Victura Inc.

"Six Days in Fallujah,” a shooter game based on the U.S. military’s 2004 battle in Iraq, has been postponed until late 2022.

Why it matters: “Six Days” is among the most controversial games on the horizon, given that it features a battle the Red Cross says killed hundreds of Iraqi civilians.

Updated 4 hours ago - Politics & Policy

Prosecutors charge parents of Michigan school shooting suspect

Photo: Scott Olson/Getty Images

The parents of a 15-year-old accused of killing four students and wounding seven other people at a Michigan high school have been charged with four counts of involuntary manslaughter, according to court documents.

The latest: Lawyers for James and Jennifer Crumbley told the Detroit News they are "returning to the area to be arraigned," after law enforcement officials announced a search for the Crumbleys had been initiated.

Updated 8 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Coronavirus variant surveillance varies widely by state — Omicron cases confirmed in 5 U.S. states America probably won't lead the effort to understand Omicron.
  2. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate — Omicron travel bans are sign of what's to come.
  4. World: WHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming — Germany approves new restrictions for unvaccinated people.
  5. Variant tracker: Where different strains are spreading.