Romanian gamedev studio Amber raises €20M from Emona Capital

The Bucharest-based game development company Amber has raised €20 million. After the investment, the company’s valuation increased to over €190 million. The London-based investment firm Emona Capital was a leading backer, The Recursive reports.

• Amber was launched in 2013 by Mihai Pohontu. The agency offers a full range of turn-key product development solutions, including concept-to-delivery game production live operations, co-development, engineering, design, and quality assurance solutions.
• Amber partners with brands including Disney, NBC Universal, Paradox Interactive, Rovio, That Game Company, Raw Fury and has over 1,200 employees. Its offices are located in Botosani, Guadalajara, Montreal, Kyiv, Warsaw, San Francisco, and Los Angeles.

“This is the beginning of a new chapter in the history of Amber, one that will see us extending our network of studios to cover all genres and platforms, while reinforcing our studio service capabilities. At this larger scale, we can realize our agency vision to evolve game development ecosystems around the world through investments in community and innovation,”

Mihai Pohontu, co-founder and CEO of Amber, adds. 

• The raised capital will enable the company to accelerate its international scaling through M&As. The team wants to enter new markets, in particular South-East Asia, as well as expand its range of services and introduce new game genre specialization — PC, consoles, mobile, AR, VR, crypto, and NFT.