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Your Favorite Gaming Newsletter!
Kitsune Ventures Ep. 15


Hey there! I hope you’ve had an amazing Easter holiday and are ready to start the week with another fresh batch of handpicked gaming startups ready to shake up the industry. Whether you’re looking for the next breakout studio or innovative gaming tech, we’ve got you covered!
So grab your coffee (or energy drink 🏆), and let’s dive into this week’s top gaming startups! 🎮👇
PS. If you like the content, please consider sharing it with your network! It would help us out a lot :)
Avalon

Overview
Avalon is an ambitious MMO universe designed to empower players as creators. Built on Unreal Engine 5, it integrates AI-assisted tools and blockchain technology to enable users to craft, share, and own their in-game experiences. Whether you're exploring dungeons, building custom worlds, or trading rare loot, Avalon offers a platform where creativity and ownership go hand in hand.
The studio boasts a team of industry veterans from titles like EverQuest, World of Warcraft, Call of Duty, Diablo, God of War, Assassin’s Creed, and Elden Ring. Their collective experience drives Avalon's mission to revolutionize game development and player engagement.
With $13 million in funding from investors such as Bitkraft Ventures, Hashed, Delphi Digital, and Coinbase Ventures.
Founded: 2022
Location: United States
Neon

Overview
Neon is redefining how game studios monetize by offering a direct-to-consumer (D2C) platform tailored for the gaming industry. By enabling developers to establish their own webshops, Neon allows them to bypass traditional app store fees and maintain a closer relationship with their players. As the merchant of record, Neon handles the complexities of payments, taxes, fraud prevention, and compliance across 45 markets, simplifying the process for developers.
The platform's impact is evident, with partners like Theorycraft Games, Space Ape Games, and Metacore reporting significant increases in average order values and player engagement through their Neon-powered webshops. In some cases, studios have seen up to 45% of monthly purchases come through payment methods not supported by traditional app stores.
Backed by a $14 million funding round from investors including Thrive Capital, a16z Games, and Renegade Partners.
Founded: 2022
Location: United States
M10

Overivew
M10 is a next-gen game studio reimagining the free-to-play shooter by combining AAA talent with Web3 tech, M10 is taking bold swings at what multiplayer shooters. Led by CEO Maitham Mohamed (Forbes 30 Under 30), President Lars Buttler (co-founder of Trion Worlds), and CCO Martin Capel (former Ubisoft game director), the team includes veterans from Assassin’s Creed, Ghost Recon, GTA V, and Red Dead Redemption 2. Their mission: to build a competitive multiplayer game that’s fair, fun, and player-first.
Backed by $3 million in seed funding from Sui Foundation, GSR, Big Brain Holdings, and others, M10 is developing an unannounced title that blends blockchain-powered economies with accessible, high-intensity gameplay. Their partnership with Sui aims to enable player-owned assets and a more sustainable F2P model.
Founded: 2022
Location: United Kingdom
nunu.ai

Overview
nunu.ai is transforming game development with its AI-powered testing platform. Their multimodal agents can play and test any game using natural language instructions with no coding required. These agents interact with games like human players, identifying bugs and ensuring quality across PC and mobile platforms.
Founded by ETH Zurich alumni, nunu.ai has secured $6 million in seed funding from investors including a16z Speedrun, Tirta Ventures, and Y Combinator. Their technology has been adopted by studios like Roboto Games, automating hundreds of tests monthly and significantly reducing QA costs.
Beyond gaming, nunu.ai's agents have shown potential in real-world applications, such as controlling physical robots to perform tasks like object retrieval. This showcases the versatility of their AI, bridging virtual and physical environments.
Founded: 2022
Location: United States
GamerCoach.gg

Overview
GamerCoach.gg is an online platform dedicated to helping gamers elevate their skills through personalized coaching. Offering services across popular titles like Valorant, League of Legends, Rainbow Six Siege, Apex Legends, Rocket League, and Overwatch, the platform connects players with experienced coaches who provide tailored guidance to improve gameplay.
Coaches on GamerCoach.gg, such as Quevrys, MythicalNZ, and Kaosx, bring a wealth of experience from competitive gaming and coaching backgrounds. They offer insights into game mechanics, strategy, and performance optimization, aiming to help players achieve their gaming goals.
Founded: 2023
Location: Unknown
That’s a wrap for this week’s edition! 🎮🚀
Thanks for reading! We appreciate you being part of our gaming startup community! If you enjoyed this newsletter, help us reach 1,000 subscribers by sharing it with fellow investors, founders, and gaming enthusiasts. Every referral helps us grow! 🙌
📩 Know an awesome gaming startup that deserves to be featured? Hit reply or send us a message @ ([email protected]), we’re always on the lookout for the next big thing!
Until next time, keep leveling up! 🎮✨