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Probably Monsters raises total of $250m in Series A

Firm aims to invest in its three development studios and their various AAA projects

Games company Probably Monsters has raised $250 million in a round of Series A funding to fuel multiple AAA projects under its brand.

The round was led by LKCM Headwater Investments, one of Probably Monsters original investors.

The Washington-based firm aims to put the money into expanding its three development studios over which 230 employees are spread across -- Cauldron, Firewalk Studios, and an a third unnamed outfit.

Probably Monsters announced last September that it had already raised $200 million, with an additional $50 million raised since then.

"As part of our growth, we are now secure beyond any one AAA game project, predictably providing our teams with stable, creatively rewarding, and long-lasting gaming careers," said CEO and founder Harold Ryan. "Our goal is to make ProbablyMonsters a home where developers with vision can build a meaningful career, thrive in a positive culture, and deliver amazing experiences to generations of gamers across the world."

A previous version of this story stated the total raised as $200 million, it was amended after publication to reflect the full $250 million raised.

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Danielle Partis

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Danielle is a multi award-winning journalist and editor that joined GamesIndustry.biz in 2021. She previously served as editor at PocketGamer.biz, and is also a co-founder of games outlet Overlode.

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