Ironwood Studios, the creators of the recently released game Pacific Drive, has successfully raised $4 million in a seed funding round. This capital injection is intended to fuel the development of their next project. The funding was led by Lifelike Capital, a venture capital firm.
Studio's Growth and Future Projects
Ironwood Studios, established in 2019 in Seattle, launched its debut title, Pacific Drive, in February 2024. The studio's CEO and creative director, Cassandra Dracott, expressed gratitude for the opportunity to continue creating games and excitement for Ironwood's future. Randy Lee, co-founder and general partner at Lifelike Capital, highlighted the team's exceptional talent, ability to build immersive worlds, innovative gameplay, and a demonstrated history of shipping games as key factors in their investment decision.
The $4 million seed funding round led by Lifelike Capital will support Ironwood Studios' future game development endeavors.
Funding Details and Investment Rationale
The recent funding round marks a significant step for Ironwood Studios as they plan their subsequent projects. Lifelike Capital's involvement signals a belief in the studio's potential.
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Funding Amount: $4 million
Funding Round: Seed
Lead Investor: Lifelike Capital
Purpose of Funds: Development of upcoming projects
Studio Founded: 2019
Debut Game: Pacific Drive (released February 2024)
Randy Lee of Lifelike Capital noted the team's clear talent and track record as persuasive elements for investment.
"The moment we experienced Pacific Drive, it was clear this team has exceptional talent. Their ability to build an immersive world and innovative gameplay, combined with a proven track record of shipping and launching a game, makes them a natural partner for Lifelike."
"This funding round points us towards the best version of that future and we're thrilled to work alongside Lifelike Capital to make it a reality." - Cassandra Dracott, CEO and Creative Director, Ironwood Studios
Studio's Debut and Partnership
The successful launch of Pacific Drive appears to have been a catalyst for this investment. The game's reception and the studio's demonstrated capabilities have attracted the attention of venture capital.
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Ironwood Studios has confirmed the funds will be used for its upcoming project.
The partnership with Lifelike Capital is framed as a means to achieve the studio's future vision.
"As a team we are very thankful for the opportunity to keep making games and at the same time so incredibly excited for what the future of Ironwood holds." - Cassandra Dracott, CEO and Creative Director, Ironwood Studios
Sources:
GamesIndustry.biz: https://www.gamesindustry.biz/ironwood-studios-raises-4m-in-seed-funding-round
This article provides direct quotes from Ironwood Studios' CEO and Lifelike Capital's co-founder, offering details on the funding amount, purpose, and the rationale behind the investment. It also provides context on the studio's founding and its first game.
GamesPress: https://www.gamespress.com/Ironwood-Studios-creators-of-Pacific-Drive-secure-4M-in-Funding-with-L
This article confirms the funding amount and the involvement of Lifelike Capital, corroborating the information from GamesIndustry.biz.
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