Klang Games raised $22.33 million in Series B investment round

Denmark Iceland Sweden Investments 15 August 2019
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Klang Games, a Berlin, Germany--based gaming company with Icelanding founders, announced securing a $22.3M in series B investment funding.

The money round was led by Novator and included Northzone, Neoteny, firstminute capital, Makers Fund, New Life Ventures, and LEGO investment arm LEGO Ventures.

In addition to the funding, Birgir Ragnarsson joined as Klang’s Chairman of the Board. Prior to this move, Ragnarsson was Chairman of the Board of Directors at CCP Games and currently sits on the board of various companies, including gaming companies Machine Zone, Zwift, and Lockwood Publishing.

The investment will be used for the development of a virtual world, Seed, its upcoming MMO being developed in SpatialOS.

Klang Games, founded in 2013 by Ivar Emilsson, Mundi Vondi (CEO) and Oddur Snær Magnússon, is an entertainment studio working for the development of SEED, an online life-simulator where each player manages multiple characters to explore various forms of media and present deep, meaningful subjects in captivating, easy-to-digest, and entertaining way for all ages. Actions taken by players continue to exist in the world after they have logged off, and characters will continue about their business without players online to guide them.

Prior to this round, Klang had raised three others totalling about $15M. Original backers of Klang include Greylock Partners, Joi Ito, David Helgason, Isaak Kato, and Adalsteinn Runar Ottarsson, as well as original investors London Venture Partners.