Three former Key phrases executives in the present day introduced their new studio, Arctic7.
The Austin-based outfit is already engaged on a pair of video games and has secured $2 million in seed funding led by VC agency Grishin Robotics and a pair of angel buyers.
Arctic7 was based by Igor Efremov, Mark Rizzo and Alan Van Slyke, a trio of business veterans whose spent a lot of the previous decade collectively at outsourcing developer Sperasoft.
Efremov and Rizzo have been co-founders at Sperasoft who had each beforehand labored at Digital Arts. Efremov led Sperasoft as president and CEO till promoting the corporate to Key phrases in 2017, and stayed on as chief business officer with Key phrases for just a few years after the acquisition.
Past serving as chief working officer at Sperasoft and world operations director at Key phrases, Rizzo has additionally labored stints with Sony On-line Leisure, NCsoft, and Trion Worlds.
Like his co-founders in Arctic7, Van Slyke labored for EA within the early ’00s and wound up at Sperasoft as chief manufacturing officer. In between, he additionally dealt with manufacturing duties on SOCOM for Zipper Interactive and served as lead producer at Epic Video games on Gears of Battle.
“Mark, Alan and I’ve lengthy shared a imaginative and prescient of making an organization that’s constructed on our private beliefs and ambitions,” Efremov mentioned.
“With Arctic7, we will look ahead to figuring out business alternatives and seizing them, and we’re extremely grateful that our buyers have determined to return onboard for the journey forward. The preliminary funding — which exceeded expectations — offers us the launchpad to understand these ambitions, ship fine quality recreation experiences, and set up ourselves as a first-class developer.”
Whereas the corporate is predicated in Austin, Arctic7 mentioned it has growth groups world wide.
An Arctic7 consultant mentioned the corporate has signed a pair of growth offers already, one for a large-scale full recreation undertaking with a world writer. It’s in talks so as to add extra work to its plate, and “can be actively pursuing M&A alternatives” and extra fundraising.