Singapore’s Inzen Studio raises biggest funding round ever by a Singaporean game studio

Singapore-based Inzen Studio, a two-year-old mobile game developer, has raised S$935,000 (US$717,288) in a series A round from investors in Singapore, China, and Japan. This is the largest funding round a game studio in Singapore has received to date (as far as we know). The record was previously held by Daylight Studios, which raised a S$839,000 (US$661,000) round led by Red Dot Ventures.

Inzen Studio announced a S$550,000 round last December from angel investors Hans de Back and Harveen Narulla.

Its latest funding round was led by Incubate Fund, followed by the Global Mobile Game Confederation (GMGC) and Singapore-based angel investor Melvin Tan. Inzen Studio is both Incubate Fund’s and GMGC’s first game studio investment.



The Inzen team has expanded from five founders to a total of 13 team members based in Singapore and Uruguay. The startup’s founding team is from the now-defunct Singapore-MIT Gambit Game Lab, the other half of whom went on to form the SUTD Game Lab following the studio’s closure.

See: Singapore’s first PS4 game, One Upon Light, launches today​

Inzen Studio has also announced that two of its games will be making their way to China. Co-founder and CEO Gerald Tock says that “a tactical free-form formation shmup, an online multi-touch projectile rebounding PvP game, and a couple more” are in the works. Given the studio’s present portfolio, it’s easy to guess that its mobile arcade games Dark Dot and Nightmare Duel will be the ones first heading into China.