Galaxy Grove, a Dutch game development studio, has secured a $1 million investment from ForsVC and 1Up Ventures to expand its team and develop new management games, building on its early successes with critically acclaimed titles.
Target Information
Galaxy Grove, a game development studio founded in 2022 and located in Utrecht, Netherlands, has secured a $1 million equity investment deal with ForsVC and 1Up Ventures. This funding will support the studio's goal of expanding its team from 17 to 21 members and enable the pre-production of two new management games, broadening its development capabilities to four teams actively working on diverse titles within the management games genre.
Under the leadership of Joost van Dongen, an acclaimed veteran in the gaming industry and co-founder of Ronimo Games, Galaxy Grove has made notable strides in a short time. The studio’s initial release, "Station to Station," met with critical praise in 2023, while its second title, "Town to City," has achieved rapid success in Early Access on Steam with over 2,000 reviews and a striking 97% positive rating within just two weeks.
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Industry Overview in the Netherlands
The gaming industry in the Netherlands has experienced significant growth in recent years, firmly establishing itself as a vibrant sector in Europe. With a strong foundation built on innovation, creativity, and strong
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Disclosed details
Transaction Size: $1M