Frost Giant Embraces Community Capital as VC Gaming Investments Dwindle
Frost Giant, a venture-backed startup building a real-time strategy (RTS) game called Stormgate, is turning to its community to top up its coffers ahead of the game’s launch this year.
The venture capital market for gaming companies has retreated sharply since Frost Giant last raised money (a $25 million Series A back in 2022).
Thus far, Frost Giant has picked up $611,421 in reservations for its community fundraise on its Start Engine page.
Reg CF offerings are limited to $5 million, so Frost Giant has a hard cap on how much it can raise.
We got a similar peek into Substack’s financials when it raised capital from its community last year, and we’ll get a similar influx of data from Frost Giant.