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September 2021


Platform(s): PC, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X
Genre: Online Multiplayer
Publisher: Devolver Digital
Developer: 1047 Games
Release Date: August 2021

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'Splitgate' Developer Secures Another $100 Million In Funding

by Rainier on Sept. 14, 2021 @ 5:31 p.m. PDT

Splitgate is a multiplayer first-person shooter that uses player-controlled portals to create a new dimension of arena combat.

Splitgate evokes your favorite memories of the most-revered shooters of the past two decades, embracing the classic and familiar feel of arena multiplayer with a multi-directional twist. Splitgate: Arena Warfare’s world-bending portal mechanic lets players instantly create and link gateways around the map, encouraging and rewarding constant jetpack-boosted movement, strategic flanking and ambushes, and action that truly embraces all 360 degrees. It also looks really cool.

Splitgateis designed to be equally accessible to first-time and veteran FPS players, with an infinitely high skill cap that will take players hundreds of hours to refine and master. Splitgate is built in Unreal Engine 4 by 1047 Games, a passionate group of Halo fans, whose experience and love for the genre transcends the typical development team.

1047 Games announced it has closed an additional round of funding totaling $100 million at a pre-money valuation of $1.5 billion with Lightspeed Venture Partners as its lead investor alongside New York-based global private equity and venture capital firm Insight Partners, Anthos Capital, and earlier seed round investors Galaxy Interactive, VGames, Human Capital, Lakestar, DraperDragon, and Draper University. Since its open beta earlier this summer, 1047 Games’ online shooter Splitgate has seen a rapid rise in player adoption across PC, PlayStation and Xbox consoles with more than 13 million downloads for the free-to-play game in less than two months.

“In gaming, Lightspeed focuses on founders that have a bold vision for innovation and the determination to build the next generational platform.” said Amy Wu, partner at Lightspeed Venture Partners. “We found that with Ian and Nick. They’ve done so much with minimal funding, and we’re excited to see what they can do with more firepower. We’re proud to be assisting them as they take their brand to the next level.”

The funding enables 1047 Games to build out its complete vision for Splitgate as a top-tier, AAA competitive shooter and begin to implement the studio’s larger vision for establishing itself as a leading creative force of distinct and inventive IP in the gaming space. The studio’s long-term vision is to usher in an era of ‘new’ classic games, pioneering in genres where innovation has currently stalled by providing transformative new takes in well-known, globally-recognized gaming genres.

The funding also enables the small studio to recruit the best talent in the industry, as they are actively hiring and aggressively ramping up.

“Building on our core success with Splitgate is our main focus in the immediate future - we are rapidly scaling across all areas of our studio,” said CEO and 1047 Games Co-Founder Ian Proulx. “We are far from finished building out what we feel is the complete Splitgate experience for our loyal and dedicated fans. The funding secured from our partners, combined with the belief and support of our vision, enables us to focus on both our short-term growth needs, and more importantly, our long-term vision for 1047 Games as a premier driver of completely fresh gaming experiences for fans.”

“Insight is proud to be on board with the impressive team at 1047 Games,” said Jeff Horing, Co-Founder and Managing Director at Insight Partners. “The passion from the team and its creative drive to excel into a global producer of digital entertainment is impressive, and we’re thrilled to have them as one of our partners.”

Currently in open beta, the quick rise in player adoption and unprecedented funding rounds in just a short three months have created a whirlwind of buzz around 1047 Games and Splitgate, with appearances on premier game showcases at E3 and Gamescom events.

Constant movement is encouraged and rewarded as players strategically place portals to FLY, FLANK and FRAG through the air to create incredible, previously-impossible highlights.

Instead of a complicated and convoluted matchmaking system, Splitgate uses a simple, intuitive 1-50 ranking system determined purely on player wins and losses, cutting down on in-game griefing while providing little incentive for player boosting.

Players start each match with the same loadout, eliminating any unfair advantages from the start. Power weapons spawn on a timer across the map, and players are encouraged to use these powerful weapons to achieve montage-worthy killstreaks.

Standard FPS controls and intuitive portal mechanics mean beginners are up and running right off the bat. However, players must constantly evolve strategies and their ability to think with portals in order to outsmart one another. The skill cap is unlimited.

Splitgate launches with cross-play for PC (Steam), Xbox Series X, Xbox One, PS5 and PS4.

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