ProbablyMonsters raises $250M in Series A round

by Adam Fitch  · 
Updated
ProbablyMonsters raises $250M in Series A round

Washington-based games company ProbablyMonsters has closed its Series A funding round with $250M to fuel its future.

The investment: The average Series A round amounts to somewhere around $15M.

  • In what ProbablyMonsters describes as the "largest Series A round for video game development," the company now has $250M at its disposal. It announced in September 2021 that it had already raised $200M, and it has now clearly allocated more funding.
  • ProbablyMonsters will allocate the funding towards its brands in support of building the company into a "more stable home for developers." It currently houses 230 employees across Firewalk Studios, Cauldron, and another to-be-announced studio.
  • "With these funds, we’ve secured our long-term independence as a new category of game company," said CEO and Founder Harold Ryan. "Our goal has always been to invest in our people first."

The future: The company's belief is that "developing games should be as amazing as the games themselves."

  • ProbablyMonsters is likely to open up new job roles to continue building out its several studios! It's currently hiring for 26 opportunities at the time of publication.
  • Firewalk Studios focuses on multiplayer titles, Cauldron is building a single-player game, and its latest project is a studio that's geared towards the role-playing game (RPG) genre.
  • The company's first multiplayer game will seemingly be a PlayStation 5 game as the studio entered a publishing partnership deal with Sony back in April 2021.