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Lightspeed leads One More Game's $22M funding round

Tim Baysinger
Apr 19, 2022
Illustration of a hundred dollar bill as a video game controller.

Illustration: Aïda Amer/Axios

Gaming studio One More Game closed a $22 million Series A funding round Tuesday, led by Lightspeed Venture Partners.

Why it matters: The funding will allow One More Game to bring its first title, "Spellcraft," to market.

  • "Spellcraft" is a strategy game "where players collect and command incredible heroes from colliding worlds," according to the company's description.

Details: Along with Lightspeed Ventures, additional investors included Griffin Gaming Partners and Andreessen Horowitz, which previously led One More Game's seed round.

  • Other participants included Animal Capital and Cleo Capital.

Catch up quick: Veteran developers Patrick Wyatt and Jamie Winsor launched One More Game in 2019.

  • The pair's gaming credits include "Warcraft," "StarCraft," "Diablo" and "Guild Wars."
  • One More Game practices what it calls Alpha-Driven Development, which brings in gamers much earlier in the development process.

The big picture: The gaming industry continues to be white hot for investors as younger consumers favor their consoles over their streaming devices.

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