Core Loop is in the early stages of making a cross-platform MMO.
Core Loop is in the early stages of making a cross-platform MMO.
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Core Loop raises $2.4 million to build cross-platform MMO with co-op gameplay

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

New game studio Core Loop has raised $2.4 million to develop a new cross-platform massively multiplayer online game. That’s a lot of money for a company with just four people, but the team is headed by veterans such as Vincenzo Alagna and Dan Chao. Their games have generated billions in revenues to date.

The funding is one more example of the investment frenzy in game companies that has seen more than 100 game companies get funding in the past nine months.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.