Singularity 6 Raises $30m to Fund Debut MMO Game
Aidan Karabaich and Anthony Leung, both former Riot Games employees, co-founded Singularity 6 in 2018. Karabaich also works at the firm as a game director, while Leung is the CEO. Singularity 6, a developer located in Los Angeles, has raised $30 million in a Series B investment round.
FunPlus Ventures led the investment, including participation from existing investors Andreessen Horowitz and LVP, Transcend, Anthos Capital, and Mitch Lasky.
Singularity 6 raised $16.5 million in a Series A round-headed by Andreessen Horowitz in 2019. The studio was tight-lipped about its impending debut game at the time, but we’ve learned more since then.
Singularity 6 debuted its first game, Palia, a community simulation MMO, earlier this month. The funds will be used to help the firm continue to create and launch the game.
Palia is a community simulation game that appears to focus more on Animal Crossing-style community features in an MMO environment than endless combat. The company debuted a launch trailer for the game last month, which revealed a lot of the gameplay.
Palia appears to be a medieval Zelda-style setting in which players may travel between villages in an open world while farming and gathering resources to construct constructions in a shared universe.
“We were ecstatic with the favorable response to Palia’s public debut,” Leung added. “The overwhelmingly positive response from the community has fueled our efforts to create an immersive online environment where gamers may genuinely feel at home.”
It may have looked overwhelming to create that experience, but with all of the love and encouragement we’ve gotten, we’re more encouraged than ever.