Game studio Neon Machine raises $20 million, led by Polychain Capital

Game studio Neon Machine has announced that it has raised $20 million in Series A financing. Polychain Capital led the investment, with Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures and Tess Ventures participating. According to a statement, these funds will be used for further development of "Shrapnel," as the game team prepares to release a preview version in December and then fully launch it at some point in 2024. The Shrapnel team currently has 70 employees, according to CEO Mark Long's statement.