London-based Omeda Studios, which is making a third-person action MOBA named Predecessor, raised a $20M Series A led by Haveli, after a $2.2M seed in March 2021
Jason McMaster / VentureBeat :
Context & Ripple Effects
Omeda Studios' jump from a $2.2M seed in March 2021 to a $20M Series A led by Haveli lands in a crowded London funding lane: mobile studio Tripledot raised a $78M Series A last spring while claiming an 11M-user base, and cross-play co-op outfit Elodie Games pulled in $32.5M from Galaxy Interactive and a16z months later.
The round also fits a pattern of capital flowing into the plumbing and people of multiplayer games — Hadean's $30M raise for scaling multiplayer infrastructure followed within weeks of this one, suggesting investors are funding both the studios and the backend layer around them.
First-order effects
- Omeda gains roughly a nine-fold step-up in capital versus its seed to finish and scale Predecessor, a third-person action MOBA, with Haveli now its lead institutional backer.
Second-order effects
- Other recently funded London studios — Tripledot on mobile, Elodie on cross-play co-op, Hadean on infrastructure — now compete with Omeda for the same engineering and live-ops talent pool, tightening hiring costs across the city's games cluster.
Third-order effects
- If the pattern holds, mid-sized studios are using large Series A rounds to enter competitive multiplayer genres head-on rather than incubating quietly, pushing genre incumbents to defend player bases against better-capitalized challengers.
The trend: London is emerging as Europe's densest cluster of heavily capitalized game studios, with Series A rounds sized to fund full multiplayer titles rather than prototypes.