Saltwater Games, a Next Generation gaming company, closes $5.5M Seed Round

Round Led by Deus X Capital and Fourth Revolution Capital

Los Angeles, USA – 1 February, 2024 – Saltwater Games, the global game studio and technology ecosystem, announced it has closed on a $5.5 million seed funding round that will fuel the next phase of the company’s growth as it cements its position as a leader in Web3, Immersive and AI gaming. 

The funding round, which focused on securing strategic investment partners with subject matter expertise in digital assets, was led by Deus X Capital, the $1bn family office backed investment and operating company and Fourth Revolution Capital (4RC), crypto-native investment firm headquartered in Los Angeles. As part of the deal, Tim Grant, CEO, Deus X will become Chairman at Saltwater Games, while Keegan Selby, Co-Founder, 4RC will join the Board.

Saltwater Games will deploy the capital to increase headcount, invest in new technology and expand operations into new territories, realizing its vision to bring together emerging technology, creativity and innovation to deliver captivating gaming experiences with limitless possibilities. In addition, Saltwater Games aims to diversify its offering and has plans to develop its tokenization capabilities.

The announcement follows a series of acquisitions by Saltwater Games, in which the company acquired Maze Theory (VR/XR), Nexus Labs (Web3 / Community Gaming) and Quantum Interactive (Emerging Technology Innovation). The acquisitions will bring onboard over 50 skilled developers and add high profile games, such as Resurgence, Doctor Who, Peaky Blinders, to Saltwater Games’ existing portfolio, including its flagship racing title Celeros. The three studios will be merged into a new multi-studio group.

Len Findlay, CEO of Saltwater Games said “I couldn’t be more excited with how 2024 has begun. Securing funding from what we consider to be 2 of the most exciting VC’s in web3 and AI, along with acquiring Maze Theory, Nexus Labs and Quantum, this really propels the company forward. Look out for more progress with more game launches and M&A activity accelerating in 2024.”

Tim Grant, CEO of Deus X Capital, said: “It takes truly innovative and visionary thinking to explore what is possible with digital assets and tokenomics in the gaming space and we are delighted to be working with a business at the forefront of the industry that can make this a reality. Saltwater Games is an embodiment of the Fourth Industrial Revolution at work and supports our goal in breaking down silos, lowering barriers and pushing the boundaries in technology and finance.”

Keegan Selby, co-founder of Fourth Revolution Capital, added: “Saltwater Games is pioneering a gaming revolution, thoughtfully integrating Web3, XR, and AI technologies to shape the future of game play. Powered by a AAA team, SWG is poised to unleash a series of category-defining titles in 2024, signalling a bold leap forward in the interactive gaming landscape. At the core of their innovative approach lies a tokenomic system, meticulously designed to amplify player experiences with true asset ownership and sustainable incentives.”