Berlin-based video game developer Stratosphere Games announced a round of investment led by Riot Games, 1Up Ventures, and Skycatcher. On top of the investments, the studio also received a grant from the German Games Fund. The German developer raised more than €3 million in total.
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Stratosphere Games is one of the largest game developers in Berlin. Gaming veterans by Splash Damage, Wargaming, Huuuge Games, Nexon, Smilegate, and Ubisoft formed the company to deliver AAA-quality MMO games. The company currently has 67 employees of over 22 nationalities. After the announced investment round, it plans to employ 100 people by the end of 2023.
This new investment will primarily be used to develop a multi-platform post-apocalyptic co-op online shooter called Desolation. German developer wants to use Desolation to shape the future of the company. The shooter game is considered a full cross-platform IP, which will help Stratosphere Games’ transformation process. The studio wants to become a major developer and publisher for live games and living worlds.
After the new funding Stratosphere Founder and CEO Kristian Metzger shared a statement:
“As we operate and expand our existing products, our focus is slowly shifting to developing our own cross-platform brands.”
Jake Perlman-Garr of Riot Games Investment also shared the following statement:
“We share Stratosphere’s approach of developing games with and for the players. Riot Games believes in the power of communities, and Stratosphere does the same.”
The company’s transformation to become a major developer and publisher will start with the release of Homeworld Mobile this fall. It will be followed by the early access of Dawn of Ages. Gearbox Publishing will publish Homeworld Mobile with the support of Stratosphere Games. On the other hand, the studio will entirely self-publish Dawn of Ages.
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