Lince Works secured $3.4M in a funding round led by Game Seer.
Lince Works, a Barcelona, Spain-based game studio announced that it raised $3.4 million.
The money round is a combination of private and public funding. The equity round totals EUR 1.5M ($1.6M) and was led by Game Seer, which added EUR 1M not invested in the company, but exclusively in the project of the new game. The German investor supports its launch in exchange for a percentage of sales, but does not intervene in the commercial operation.
The public funding included participation from the Catalan government’s Generalitat de Catalunya, (EUR 500k) through a loan for currency from the Institut Català de Finances (ICF) and repayable aid from the Institut Català de les Empreses Culturals (Icec).
Lince Works, founded in David León Molero, Álvaro Muñoz Varga, and Eduard Soler, launched in 2016 an indie game hit Aragami, a 3D stealth-action game on the PC and PlayStation 4. It later came out on the Xbox One and Nintendo Switch, and it has now sold more than 500,000 copies. The company is working on an unannounced title for release in 2021.