MANTICORE GAMES RAISES $100M FOR USER-GENERATED PLATFORM
Manticore Games, the San Mateo-based developer of the Core gaming platform, has raised $100 million in Series C funding to power its service of user-built games.
Manticore will use the investments to accelerate Core’s growth by bolstering its creator programs and further developing the most advanced game creation and publishing tools of any major user-generated content platform.
The funding was led by XN Holdings, with participation from other investors such as SoftBank Vision Fund 2 and LVP. Returning investors include Benchmark, Bitkraft’s new Opportunity Fund, Correlation Ventures and Epic Games.
“Core has been growing rapidly and is establishing itself as the best platform for creators as it offers not just the best game creation and publishing tools, but also the best economic opportunities with 50 percent revenue share,” said Frederic Descapms, Manticore Games founder and CEO.
Core, a free-to-play online platform that launched in March 2020, currently offers over 20,000 free games across all genres and reportedly has over half a million projects in the works. The user-generated site also has over 1 million active accounts. The platform will launch in early access on April 15, exclusively on the Epic Games Store.
“We’re thrilled that Manticore has chosen the Epic Games Store as the exclusive launchpad for Core,” said Steven Allison, Epic Games Store general manager. “Epic and Manticore have a shared belief that the future of games and the metaverse will be built by a global community of creators.”
Photo courtesy of Manticore Games