Blizzard, Rockstar Veterans Raise $5 Million For New Studio Lost Lake
Summary
Seattle-based Lost Lake Games–a six-strong outfit with experience leading a number of gaming’s most successful franchises including StarCraft, Guild Wars, Warcraft II, H1Z1, and Diablo–has secured $5 million in a fundraiser led by BITKRAFT Ventures, the world’s first venture capital group focused on esports, gaming, and interactive media. Lost Lake is not tied to a single platform or genre but rather to a core belief that empowering talented individuals and fostering a culture of collaboration leads to incredible games.” Emphasizing his desire to work with great people, Phinney explained that he lives for the camaraderie that comes from working with fellow creatives on projects with a shared belief. “Ultimately, we’re building a studio for game devs who always want to make things better and who like to celebrate the success of their peers,” he added. “It’s extremely rare to find a co-founder trio spanning design, engineering, and art who played key roles in iconic game franchises,” said Scott Rupp, founding general partner at BITKRAFT Ventures. “This is an incredible opportunity to back a game studio with a bold imaginative vision, a strong collaborative and empowering culture, and excellent iterative execution capabilities.”