Marvel Snap maker Second Dinner has secured $100 million in Series B (financing stage for companies in their early growth phase) funding from Griffin Gaming Partners. The investment aims to support the development and commercialization of new titles, as well as the introduction of original IPs.
Despite the investment, Second Dinner will continue to operate independently
Last year in November 2023, ByteDance, the parent company of TikTok and MOONTON Games, opted to bid goodbye to the gaming industry and undergo a restructuring of its Nuverse gaming brand. So, as expected, uncertainty surrounded Nuverse, the publisher of Marvel Snap.
Although Marvel Snap assured on social media that the game would continue independently of Nuverse’s announcements, doubts lingered within the gaming community whether the game would survive.
However, with the funding announcement, these doubts have been put to rest. In a recent news release, Ben Brode, the company’s CEO, mentioned that the majority of the team is dedicated to working on Marvel Snap for the foreseeable future. Additionally, he hinted at some undisclosed exciting projects, with the details under wraps. The Chief Operating Officer, Matt Wyble, explained that the funding will support the development of new titles and the cultivation of original intellectual property.
Notably, Griffin Gaming Partners, the investor, has a track record of supporting companies like Discord, Frost Giant Studios, and AppLovin. Despite the investment, Second Dinner will continue to operate independently, with Griffin Gaming Partners acting as a minority investor alongside NetEase.
Fans of the game can breathe a sigh of relief, as the recent developments bring assurance. Despite the game’s popularity, there were concerns about whether they had enough fuel in the tank. The announcement of the 2024 update roadmap was a clear indication that there are plans in store from Marvel Snap for its players, and now we can pull curtains to absurd theories.
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