Liquidnitro Games has raised $5.25 million in a seed round of funding led by Nexus Venture Partners with participation from angels who are games industry veterans from the US, Canada, EU, and India, the company said in a statement.
The company, founded by ex-Electronic Arts executives, claims to be a major player in live services, game production and geo adapted market expansion.
It leverages data, AI and technology driven insights to craft fun and engaging experiences for players. They partner with games studios and IP owners worldwide to help unlock growth, profitability, and expansion into new markets.
The funding will be utilised to establish a state-of-the-art studio, make substantial investments in AI and technology to enhance production pipelines, and provide scalable live services capabilities, the company said.
The games industry, currently valued over $200 billion, has significant growth potential as new markets like India drive expansion in the years ahead. Liquidnitro Games is perfectly poised to enable games companies around the world to harness the power of India - both in terms of talent scale and market opportunity.
The company was founded in December 2023 by Sandeep Kowdley, Krishna Dhanekula, Arun Kunchala, and Suresh Manthena, all ex Electronic Arts veterans.
Reacting on the capital infusion, Sandeep Kowdley, CEO of Liquidnitro Games, said, “By combining our deep history in the games industry, making significant technology investments, and partnering with global game companies, we believe we have the opportunity to make a huge impact in the coming future.”
Sameer Brij Verma, Nexus Venture Partners, added, "At Nexus Venture Partners, we're proud to lead the investment in Liquidnitro Games, driven by ex-EA veterans. India's talent pool offers a strategic advantage, allowing us to pioneer geo-adapted production and live services, unlocking huge value for global publishers."
According to GrandView Research the $242 billion market is expected to surpass $580 billion by 2030 with a CAGR of 13.4 per cent.
