Lost Lake Studio Raises $5M in Funding for Game Development Team

Lost Lake Studios, a multi-platform game development studio, today announced that it has closed a funding round and raised $5 million. Bitkraft Ventures led the round with participation from Lightspeed Venture Partners, Moon Holdings and 1Up Ventures.

James Phinney, lead designer of StarCraft, co-founded Lost Lake alongside Joe Pikop, formerly of Rockstar and ArenaNet; and Mark Pottorf, engineer and programmer on H1Z1 and Quantum Conundrum. The studio is committed to creating “bold and imaginative” games.

Scott Rupp, founding general partner of Bitkraft, praised the co-founders in a statement: “It is extremely rare to find a trio of co-founders spanning design, engineering and art who have played a key role in game franchises. iconic. This is an incredible opportunity to support a game studio with a bold imaginative vision, a strong collaborative and empowering culture, and excellent iterative execution capabilities.

Phinney added in a statement, “Lost Lake is not tied to a single platform or genre, but rather a core belief that empowering talented individuals and fostering a culture of collaboration lead to amazing games. We are excited to work with BITKRAFT Ventures and the entire team of investors who help bring our vision to life.

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The company plans to use this investment to expand its team and studio.

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