You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Romanian videogame developer Machinations.io closes $3.3 mln Series A funding round

Author Tudor Popescu
Romanian videogame developer Machinations.io closes $3.3 mln Series A funding round Image: Machinations raises $3.3 mln in Series A round led by Hiro Capital

BUCHAREST (Romania), May 27 (SeeNews) - Romanian videogame developer Machinations.io announced on Wednesday it had closed a $3.3 million (3.08 million euro) Series A funding round.

The funding will be used to expand the Machinations.io team to support its growing user base, the company said in a press release.

“We envision a future where all systems, architects and data speak the same language and predict collectively, as I like to call it – The Machinations Borg”, said Mihai Gheza Co-founder & CEO at Machinations.

The financing round was led by Hiro Capital.

Founded in 2018, Machinations.io is a software development company which maintains and develops a platform for designing and predicting game economies. It currently serves a worldwide community of over 35,000 game designers.

The company had previously secured $1.6 million in funding from angel investors, with the backing of Seedcap, GapMinder, and Acequia Capital.

Machinations.io recorded losses of 25,000 lei ($5,500/5,100 euro) in 2021, as well as a turnover of 146,600 lei, according to the latest data posted on the finance ministry's website.

Hiro Capital is a London/Luxembourg technology venture capital firm which invests in Games, IP, Web3, and Metaverse technologies, from Seed through to Series A and B stages.

(1 euro = 4.9423 lei)

Share this story
SeeNews in Brief

View our Newsletters

 
Compare