Irvine's Frost Giant Studios Raises $25M Series A
Frost Giant Studios Raises $25M in Series A Funding to Build the Next Great RTS
Kakao Games led the round to grow the team and support multiple years of game development
Frost Giant Studios’ first game to be announced later in 2022
IRVINE, January 25, 2022 – Frost Giant Studios (frostgiant.com), an independent game studio developing a highly-anticipated real-time strategy (RTS) game, today announced the close of a $25M Series A investment round. The new investment was led by South Korean game developer and publisher Kakao Games, with participation from previous investors BITKRAFT Ventures, Global Founders Capital, and Riot Games, and new investors Gaingels and MANTIS Venture Capital.
Southern California-based Frost Giant Studios was founded in 2020 by Tim Morten and Tim Campbell, veteran game development leaders who helped create some of the most acclaimed and best-selling PC games of all time–as well as some of the most-watched esports–including Blizzard Entertainment’s WarCraft III and StarCraft II.
The new investment provides Frost Giant Studios with resources to expand its HQ, recruit additional workers, purchase game-changing tech upgrades, and create an RTS that die-hard fans and new players alike will enjoy for years to come. The company plans to announce its first game in 2022.
“We are grateful to Kakao Games and our other investors who share our vision for the future of the real-time strategy genre,” said Tim Morten, CEO and production director at Frost Giant Studios. “We plan to stay true to our roots and give RTS players the competitive experience they’ve been waiting for, while also looking for ways to innovate and welcome first-time players to our universe.”
The Frost Giant Studios Series A represents one of Kakao Games’ largest western investments to date.
“The team at Frost Giant Studio have already proven they have strong development capabilities, creating beloved RTS hits in the global market in the past,” said Kakao Games CEO Kyehyun Cho. “We look forward to seeing them present their first game as a studio, and will actively work together to showcase good work through our close partnership.”
“We formed Frost Giant Studios to build an epic real-time strategy game that will appeal to players around the world,” said Tim Campbell, president and game director at Frost Giant Studios. “This funding empowers us to explore new possibilities through cooperative play and we can’t wait to welcome all kinds of players to our game–from pro gamers and talented mapmakers to the players who just want something fun to enjoy with their friends.”
In October of 2020, Frost Giant Studios announced $4.7 million in seed funding, followed by an additional $5 million raised in March 2021, bringing its total funding to $34.7 million. Previous investors include 1Up Ventures, GC Tracker, Griffin Gaming Partners, Kona Venture Partners, RXBar co-founder Jared Smith, and entrepreneur Eden Chen.
To learn more about Frost Giant Studios, visit the official website at frostgiant.com. You can also follow the team on Twitter @Frost_Giant and be among the first to learn whether or not its upcoming game really is about an epic war between Earth’s last remaining hamsters and an invading force of giant alien vacuum cleaners.*
*It’s not.
About Frost Giant Studios, Inc.
Frost Giant Studios was founded in 2020 by games industry veterans Tim Morten and Tim Campbell to embark on a singular mission: to build the next great PC real-time strategy (RTS) game! Frost Giant has attracted a team of experienced developers who helped create some of the most acclaimed and commercially successful games in history. Together, they are carrying forward the legacy of epic storytelling, innovative co-op gameplay, and celebrated esports that make RTS both fun to play and engrossing to watch. Headquartered in Irvine, California, with remotely-based talent from around the world, Frost Giant Studios is committed to a work environment built on collaboration, inclusion, and mutual respect. For more information, please visit frostgiant.com.
About Kakao Games
Founded in 2016, Kakao Games is a leading publisher of online and mobile games, responsible for releasing titles including Pearl Abyss’ Black Desert Online (serviced in North America and Europe until early 2021), KRAFTON’s PlayerUnknown’s Battlegrounds (serviced in Korea), Kong Studios’ Guardian Tales (serviced in North America, Europe, Latin America and Oceania), Moonlight Sculptor (serviced in North America and Europe) MMORPG Elyon (serviced in North America, Europe and Oceania) and ArcheAge (serviced in the Americas, Europe and Oceania).
Contacts
Media:
Gerald Villoria
Communications Director
gvilloria@frostgiant.com