Klang fetches $22.33 mln Series B


Berlin-based Klang, a game development and entertainment studio, has secured $22.33 million in Series B funding. Novator Partners led the round with participation from other investors that included LEGO Ventures, Northzone, Neoteny, firstminute capital, Makers Fund and New Life Ventures.

PRESS RELEASE

BERLIN – 08.15.19 – It has been announced that Klang, the Berlin-based game development and entertainment studio, has secured a Series B investment round of $22.33 Million to support the development of SEED, a large-scale, persistent virtual world, set to redefine the MMO landscape.

The funding round is led by Novator Partners, a global technology and healthcare investment firm. LEGO Ventures, the investment entity of the LEGO brand, joins current investors in the round, Northzone, Neoteny, firstminute capital, Makers Fund, and New Life Ventures, to help Klang further the production of SEED- bringing the total amount of funding for the project to $37.42 Million.

“We have been a big fan of the team and leadership of Klang from the start,” says Birgir Ragnarsson of Novator Partners. “The company is truly on the cutting edge in technology and innovation, but more importantly it understands games and gamers better than most and has no fear in its ambitions for SEED. This combination along with the artistic talent in the company gives rise to a truly exciting opportunity with unlimited potential. We are proud to take a lead role in the business and assist the team on this ambitious quest.”

“LEGO Ventures is excited to support Klang as they continue to push the boundaries of what MMOs can be. We believe in the team and the vision and look forward to joining them on this journey,” comments Alexis Horowitz-Burdick, Head of LEGO Ventures.

This announcement also sees Birgir Ragnarsson join as Klang’s Chairman of the Board. Prior to this move, Ragnarsson was Chairman of the Board of Directors at CCP Games and currently sits on the board of various companies, including gaming companies Machine Zone, Zwift, and Lockwood Publishing.

“We are thrilled Novator and LEGO Ventures are making this big bet on us and for getting Ragnarsson on as our Chairman – he truly understands the value of single-shard MMOs and brings his amazing experience from CCP to Klang. Partnering with LEGO Ventures, the global phenomenon of emergent gameplay, is fantastic and aligns perfectly with our vision. Finally, we are humbled that our great current investors Neoteny, firstminute Capital, Northzone, and Makers Fund are joining the round as well and couldn’t be more excited to have the fuel to deliver SEED without compromising on its very big vision,” explained Klang CEO, Mundi Vondi.

In July 2018, Klang finalized its Series A funding round for SEED, led by Northzone, with additional support from Makers Fund, Novator, and firstminute capital.

Original backers of Klang include Greylock Partners, Joi Ito, David Helgason, Isaak Kato, and Adalsteinn Runar Ottarsson, as well as original investors London Venture Partners. Novator has been an early supporter of Klang since their first funding round led by London Venture Partners back in 2015.

SEED is an online life-simulator where each player manages multiple characters. Set far in the future, players collaborate to rebuild society and create a new home in a vast world similar to earth. The simulation is persistent and continuous, meaning that when players go offline, their characters will continue to live their day-to-day lives within the simulation. SEED utilizes Improbable’s SpatialOS, a cloud platform that allows SEED to simulate a world much larger, richer, and with more players than any single engine or server could. For more information about SEED, visit the project’s website: www.seed-project.io.

About Klang
Founded in 2013, Klang is a Berlin-based entertainment studio exploring the future of humanity through various forms of media. Klang aims to present deep, meaningful subjects in a way that’s captivating, easy-to-digest, and entertaining for all ages. At the heart of Klang is SEED, a large-scale, persistent virtual world that is set to redefine the MMO landscape. Visit, www.klang-games.com

About Novator Partners
Novator Partners is a global investment firm founded by the international investor and entrepreneur, Thor Bjorgolfsson. Novator’s investment portfolio is focused on Telecommunications, health and Technology, with special focus on gaming and consumer internet. Visit, http://www.novator.co.uk/

About LEGO Ventures
Founded in 2018, LEGO Ventures seeks to invest in entrepreneurs, ideas and startups that sit at the intersection of creativity, learning and play in a manner that aligns with this shared LEGO Ventures mission and supports the goal to reach as many children worldwide as possible with high quality, creative play and learning experiences. Visit, https://legoventures.com

About firstminute capital
firstminute capital is a $100M seed fund investing globally in early stage technology companies. Based in London, the fund was co-founded by Brent Hoberman (lastminute.com, Made.com) and Spencer Crawley. It’s backers include 30 unicorn founders, Atomico and Tencent. Visit, https://www.firstminute.capital/

About Neoteny
Formed in 1999 by Joi Ito, Neoteny is a venture capital firm that specializes in early stage and growth capital investments across the technology sector. Neoteny is currently investing out of Neoteny 4, LP, which is based in Boston, MA, but invests worldwide. For more information, please visit: https://www.neoteny.com

About Makers Fund
Makers Fund is an Interactive Entertainment focused fund, investing in creators looking to build the future of the industry. We help founders with our global reach and industry expertise. Visit us at https://www.makersfund.com/

About New Life Ventures
Formed in 2019, New Life Ventures invests in the world of tomorrow. The investment firm perceives innovation as a global issue and that success in one domain leads to success in another. The growth of its partners means resolving some of the most pertinent challenges ever to face humanity. From next-generation food production to new currencies and technology born of the digital age, New Life Venture’s partners are building tomorrow’s answers today. Visit, https://www.newlife.ventures