Radical Forge funding news – Middlesbrough-based Radical Forge Secures £2.6Million in Funding
Nov 5, 2024 | By Kailee Rainse
Middlesbrough-based gaming startup Radical Forge has raised £2.6 million in funding from Mercia Ventures, part of the Northern Powerhouse Investment Fund II. This makes Radical Forge the second gaming studio in Middlesbrough to receive funding from Mercia.
SUMMARY
- Middlesbrough-based gaming startup Radical Forge has raised £2.6 million in funding from Mercia Ventures, part of the Northern Powerhouse Investment Fund II.
- Founded in 2017 by Teesside University graduates Bruce Slater and Freddie Babord, Radical Forge now employs around 70 people.
With the new funding, the company plans to hire 15 more people, take on bigger contracts, and launch its own game, Southfield, in early 2024.
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It has worked on popular games like Gang Beasts, Sea of Thieves, Golf With Your Friends, and Zombie Army 4. They also make their own games and recently started a publishing division. Their first game, a murder mystery puzzle called Bright Paw, was released in 2020. The upcoming game Southfield is a farming simulation set on a fantasy island, where players can grow crops, build machinery, and create their own homestead.
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Team SR
Jan 8, 2024
Bruce Slater, CEO, said: “Freddie and I are beyond happy to have secured this funding for Radical Forge. It will enable us to realise our ambitions for every team member and continue to build the studio while preserving the culture that is so important to us.”
Chris McCourt of Mercia Ventures added: “Radical Forge are a talented team with a vibrant culture that has helped them attract and retain skilled developers. We believe the current environment holds real opportunities for the business. With many of the big players in the industry downsizing their teams, they have the chance to attract top talent, expand their skills base and win larger and more complex projects. The NPIF II funding will enable them to pursue their expansion strategy and provide a further boost for Middlesbrough’s growing games industry.”
About Radical Forge
Founded in 2017 by Teesside University graduates Bruce Slater and Freddie Babord, Radical Forge now employs around 70 people. They’ve worked with major gaming companies and are excited to continue growing.