Yahoo Finance Singularity 6 raises $30M to fund upcoming fantasy 'community simulation' MMO
LA-based game studio Singularity 6 has banked more funding as it scales itself up and readies for the launch of its debut title.
The startup tells TechCrunch they've raised $30 million in a Series B bout of funding led by FunPlus Ventures with additional participation from Andreessen Horowitz (a16z), LVP, Transcend, Anthos Capital and Mitch Lasky. The studio has now disclosed some $49 million in funding, a sizable sum, but one that showcases how much investors are looking to rally around gaming platform plays in the wake of Roblox's monster IPO.
In 2019, Singularity 6 raised a $16.5 million Series A led by Andreessen Horowitz. At the time, the studio was mum on details about its upcoming debut title, but we've learned more about it since.
The title, Palia, is a community simulation game that seems to be more focused on Animal Crossing-like community mechanics in an MMO environment, rather than endless battles. Last month, the studio showcased a launch trailer of the title which hinted at a good deal of the gameplay. Palia looks to be a medieval Zelda-like environment where users can move between towns in an open world environment while farming and collecting resources to build structures in a shared world.
The company has said in marketing materials that the title is "designed to create community, friendships and a real sense of belonging." In a statement, a16z partner Jonathan Lai called the upcoming title, "warm and dynamic."
There are still quite a bit of unanswered questions about the title, which is currently taking sign-ups on its website to be alerted to pre-alpha access. We do know that plenty of VCs are betting millions on the prospect that this multiplayer title could be big.
