Antstream Limited received an up to $3.5M strategic investment from Atari SA. The funding was provided via a convertible loan agreement that can be converted into equity in a future financing, with an initial investment of $500,000. The transaction is linked to a related option to purchase the assets of Mobygames Limited, including the Mobygames website and database, at a purchase price of $1.5M. That Mobygames option may be concluded by the end of March 2022. The announcement did not disclose any operating metrics, revenues, or user numbers for Antstream. The investment was disclosed in an Atari press release that also noted Atari completed an unrelated sale of certain NFT parcels in The Sandbox for $4,284,000. Antstream Arcade operates a monthly subscription streaming platform that provides access to more than 2,000 retro video games. The service offers short, casual "snacks" of gameplay, social challenges, and features to compete with friends. It is available on Mac, PC, Xbox One, tablet and mobile devices, Nvidia Shield, and Amazon Fire Stick, with additional platforms planned. The company soft-launched in July 2019 in Western Europe following a successful Kickstarter campaign and plans to launch in the U.S. at the end of 2019. Antstream raised a Series A led by Tencent, with Hambro Perks participating; the funding amount was not disclosed. Antstream was founded in 2013 in London.

Total raised

$4M

Funding rounds

2

Latest round

Convertible Note

Latest activity

Nov 2021