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H&L advises Electric Noir Studios on its pre-seed round

25 June 2020

Harbottle & Lewis has advised London games studio, Electric Noir Studios Ltd, on its pre-seed funding round led by Moonfire Ventures, the first lead investment by Mattias Ljungman’s (former Atomico partner) new early stage fund.

A number of reputable angel investors also participated in the round, including Alexis Bonte (Stillfront), Alan Fung (Sweet Capital), Shum Singh (Agnitio Capital) and Tara Reddy (LoveShark).

Founded by Nihal Tharoor and Benedict Tatham, Electric Noir created the BAFTA-nominated Dead Man’s Phone (a crime drama series for mobile).

“Electric Noir’s achievements to date have been impressive,” Mattias said. “The market for narrative games as a genre has only started to evolve and Electric Noir’s focus on high quality interactive immersive story lines can help drive this category to new levels. It’s the beginning of a bigger trend of film, games and TV merging together on the mobile to redefine future content.”

The investment will aid the development of Electric Noir’s interactive entertainment platform and allow the studio to produce more immersive content.

Nihal said: “Harbottle’s focused and pragmatic advice helped us to close the round smoothly with minimal complications. The team is always very responsive and has a real understanding of what matters to founders and early stage businesses.”

Senior Corporate Associate Tom Macleod led the transaction, with support from Senior Employment Associate Sarah Verrecchia and Corporate Associate Alex Gays.

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