- Daylight Studios is a Singapore-based indie game studio that has so far released five mobile games
- The Series A round saw the company receiving US$700,000 in funding
- Monies will be used to develop a new PC game, as well as launch mobile publishing subsidiary Quest Drop
Singapore indie game developer Daylight Studios has just announced that it has secured US$700,000.
This is the third funding it has raised since its inception in May 2011, and marks the company’s Series A round.
In a statement, the company announced that the investment came from Raffles Venture (Direct) Pte Limited, and angel investors Koh Boon Hwee, Lim Swee Yong, Harry Inaba, among others.
The company, based out of the famous Block 71 Ayer Rajah Crescent, said that it would use the new funds to develop a new game based on an original IP called Holy Potatoes! A Weapon Shop?! The game has already been green lit on PC game distribution service Steam, it further said.
The funding will also go towards setting up its mobile publishing subsidiary Quest Drop, which will be a “mobile game publisher, operations, and marketing service provider for Southeast Asia that aims to bridge the region’s rapidly growing mobile game audience with the rest of the world”. It will be setting up its own subsidiary, Quest Drop (Thailand) Limited, in Bangkok in the coming months.