Game Economy Designers Machinations Raise €3.07m

Mihai Gheza, Co-founder and CEO of Machinations (Photo © Machinations)

A Luxembourg firm whose platform helps video game makers design and predict game economies has raised €3.07m in Series A funding. 

Machinations says that the financing will help it to grow its team and add new features and services to its customers. 

Machinations co-founder and CEO Mihai Gheza said: “We’re growing our team and rolling out integrations with the most popular in-game telemetry providers and Web3 marketplaces, pushing towards our goal of becoming the standard for game economy modelling, forecasting and optimisation – the Machinations Oracle. We envision a future where all systems, architects and data speak the same language and predict collectively, as I like to call it – The Machinations Borg.”

Luxembourg/London-based VC firm Hiro Capital led the funding round, whose founder and partner, Cherry Freeman, is expected to join the Machinations board.

“The ability for any development studio to use Machinations’ platform to create in-game economies in a streamlined browser-based solution is revolutionary.”

Spike Laurie, partner at Hiro Capital

Founded in 2018 by PhD researcher of co-founder Joris Dormans, Machinations.io was the first browser-based platform to design and predict game economies and systems for premium, free-to-play, and play-to-earn games. 

It uses a Turing-complete visual language to enable game designers to express game systems, and perform large-scale Monte Carlo simulations to harvest millions of gameplay and progression data. Changes in design, parameters or rulesets can then be made on the spot and collaboratively to achieve the right player experience before going into production.

Today, the platform is used by more than 35,000 professionals and it is predicted to become a standard for game economy modelling, forecasting and optimisation. In 2022, Machinations was nominated for the Develop:Star Awards, in the Best Technology Provider category.

“The team at Machinations.io has forged a set of tools that will be foundational in the future of game design, both centralised games and Web3,” said Spike Laurie, partner at Hiro Capital. “The ability for any development studio to use Machinations’ platform to create in-game economies in a streamlined browser-based solution is revolutionary. We’re excited to help the Machinations team take their vision to game creators across the globe.”

Machinations previously raised €1.5m backed by Seedcamp, GapMinder, Acequia Capital and a suite of angel investors, bringing the total funding raised to just under €4.6m.

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