Vela Games raises $17.3m in Series A funding

Originally published on by Brendan Sinclair

Novator, Ubisoft, and LVP put more money behind Dublin-based studio working on a multiplayer online co-op game

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Vela Games today announced that it has landed $17.3 million in Series A funding for the studio to continue working on Project-V, the codename for its upcoming multiplayer online co-op game.

Combined with the $6.9 million it raised in seed funding, Vela has attracted more than $24 million in backing for its vision.

The latest funding round is being led by Novator, which will have its partner Birgir Már Ragnarsson take a seat on Vela’s board of directors.

Also participating in this round are Ubisoft

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