The studio will use the investment to support the Early Access launch of its debut title, Predecessor, later this year.
London-based indie game developer Omeda Studios announced it has raised $20 million in a Series A funding round. The round was led by Austin-based private equity firm Haveli Investments with the participation of the studio's existing investors including GFR Fund, Possible Ventures, and Progression fund.
According to the studio, the capital raised will go towards expanding Omeda Studio's staff and supporting the Early Access launch of its debut title, Predecessor, later this year.
Omeda Studio was founded in 2020 by Robbie Singh, Andrea Garellam, and Steven Meilleur with the idea of creating community-driven games. In 2018, the team started developing Predecessor using assets from Epic’s Paragon after it was made available for user-generated content. The new title will be a third-person action shooter MOBA that will be available on PC and console and will support cross-platform play.
"We decided to raise our Series A to accelerate development after the success from our earlier playtests; however, we weren’t just looking for money," Omeda Studio's founder and CEO Robbie Singh said. "What was most important to us was finding a partner who shared our vision for how we wanted to make games and believed in the power of community. When we met Brian Sheth, his team at Haveli and Thomas Vu, it was clear that we all felt the same about the future of games."
Brian Sheth, founder and CEO of Haveli Investments, added: “Robbie and his team have built an engaged community and game using a player-first approach that is incredibly exciting and holds the potential to rapidly become part of the pantheon of the great MOBAs. All of us at Haveli are looking forward to the great things to come from Robbie and Omeda."
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