ProbablyMonsters Secured $250 Million in a Series A Funding Round

Games company ProbablyMonsters announced it has raised $250 million in a round of Series A funding led by LKCM Headwater Investments, one of the company's original investors. The new investment adds another $50 million to $200 million that ProbablyMonsters secured last September.

According to the firm, the capital will be used to support the further development of a number of AAA projects under its brand. With the new investment, ProbablyMonsters aims to expand its development teams that include Cauldron, Firewalk Studios, and a third unnamed studio.

Each of the three studios currently has a game in development. Cauldron is working on a single-player adventure game, Firewalk is developing an AAA multiplayer game that will be published by Sony Interactive Entertainment, while the unnamed studio is making a co-op RPG.

"As part of our growth, we are now secure beyond any one AAA game project, predictably providing our teams with stable, creatively rewarding, and long-lasting gaming careers," ProbablyMonsters CEO and founder Harold Ryan said. "Our goal is to make ProbablyMonsters a home where developers with vision can build a meaningful career, thrive in a positive culture, and deliver amazing experiences to generations of gamers across the world."

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