Wavedash raises 6 million from VC's

truendymiontruendymion Beer Me!Joined: Posts: 2,126
They just raised an additional 6 million in their latest funding round...
Their vision's won over a hearty list of venture capital firms: March Capital, Lowercase Capital, Advancit Capital, CourtsideVC, Machine Shop Ventures, Luma Labs, and Cherrytree VC. The $6 million, according to Rice, will get them to a launch window for the game in the second fiscal quarter of 2018.
JESUS!
“In talking with players we felt there was an opportunity to do for the platform fighter genre what League Of Legends has done for MOBA,”
So what I'm getting from this is you need to invoke melee and MOBA if you want the big bucks...


https://techcrunch.com/2017/05/02/wavedash-raises-6-million-for-its-platform-fighting-game/?utm_content=buffer40675&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
https://pvplive.net/c/wavedash-games-raises-a-6-million-bid-into-the-pla

Comments

  • PSYCH0J0SHPSYCH0J0SH Joined: Posts: 5,288
    edited May 3
    So I guess they're not really indie anymore...

    They're now directly competing with Smash. Even Rivals had to make do with a relatively small amount and knew there was no way they could eclipse Smash.
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  • Evolution169Evolution169 Wake up DP is unbeatable Joined: Posts: 1,025
    Of course it's competing with Smash, but not because of the budget. They said that they want to do with platform fighters what LoL has done for MOBAs. That's extremely ambitious.

    But I'm sure Nintendo had much more than $6 million behind Smash 4's development and marketing. Saying that $6 million somehow puts them in the same development league as Smash seems like a leap. Nintendo probably spent more than that on just the marketing budget.
  • PSYCH0J0SHPSYCH0J0SH Joined: Posts: 5,288
    edited May 4
    I didn't say anything about their budget, I meant that they're trying directly to compete with Smash by attempting to make their game the League of Legends of Smash clones. Supposing that they're successful, they'll be directly competing with Smash with the LoL-style business model.

    And that probably means I'll want no part of it. I am not at all interested in League.
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  • Evolution169Evolution169 Wake up DP is unbeatable Joined: Posts: 1,025
    PSYCH0J0SH wrote: »
    And that probably means I'll want no part of it. I am not at all interested in League.

    I'm not against F2P if the game is good enough. I probably spent over $200 in Planetside 2, but that was over the course of years and thousands of hours.
  • truendymiontruendymion Beer Me! Joined: Posts: 2,126
    If its anything like the KI model than I won't have a problem with it.
  • mpo9mpo9 Joined: Posts: 7
    I mean in order for this to work they'll have to first and foremost appeal to the competitive community of smash. They already have the support of people due to Project Melee. Now hopefully they'll know to not just have the game be "Melee HD", because they're probably not be able to overtake the melee scene.
    PSYCH0J0SH wrote: »
    I didn't say anything about their budget, I meant that they're trying directly to compete with Smash by attempting to make their game the League of Legends of Smash clones. Supposing that they're successful, they'll be directly competing with Smash with the LoL-style business model.

    And that probably means I'll want no part of it. I am not at all interested in League.

    Well we don't know what really this means. I think they mean how Leauge was the first DOTA clone to really take off, as most other clones are small. Wavedash is aiming to be the first *big* competitive platform fighter that isn't Smash.
  • tatakitataki misplaced Joined: Posts: 7,658
    How did they raise the money with nothing to show?
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  • truendymiontruendymion Beer Me! Joined: Posts: 2,126
    I'm assuming they have a prototype...
  • JohnGrimmJohnGrimm A.K.A. JohnXuandou Joined: Posts: 4,303
    I'm pretty sure they had a 1 character build like a couple years ago. I'm assuming at this point they're probably up to 4-6 characters.
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  • mpo9mpo9 Joined: Posts: 7
    tataki wrote: »
    How did they raise the money with nothing to show?

    Project M has a lot of credit behind it to start with, and people have known for a long time now that another official "Melee" isn't going to happen, even if Sakurai is gone or not. Project M was meant for the competive community and it still has a big following, even when it stopped due to a threat of Nintendo and the sudden closure of shop due to fear.
  • appomoappomo uupps Joined: Posts: 3,512
    tataki wrote: »
    How did they raise the money with nothing to show?

    good question, beside of some fancy drawings i havent seen anything gameplay related or even how its might look like ingame.
    wouldnt surprise me when nothing worthy comes out of it.
  • truendymiontruendymion Beer Me! Joined: Posts: 2,126
    edited June 4
    @appomo They're going to show gameplay soon. If they raised 6 million they definitely have something.
  • appomoappomo uupps Joined: Posts: 3,512
    @appomo They're going to show gameplay soon. If they raised 6 million they definitely have something.

    usually it works the other way arround... :P
  • d3vd3v Coughing DAT PINK SPIT Joined: Posts: 35,598 mod
    appomo wrote: »
    @appomo They're going to show gameplay soon. If they raised 6 million they definitely have something.

    usually it works the other way arround... :P

    If they raised 6 million, then it means that they likely have a prototype that they were able to shop around to investors.
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  • appomoappomo uupps Joined: Posts: 3,512
    d3v wrote: »
    appomo wrote: »
    @appomo They're going to show gameplay soon. If they raised 6 million they definitely have something.

    usually it works the other way arround... :P

    If they raised 6 million, then it means that they likely have a prototype that they were able to shop around to investors.

    maybe...at this point we can just guess.
    looking forward to see what came or will come out of it.
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