Harbottle & Lewis has advised Scriptic Ltd (formerly Electric Noir Studios) (Scriptic) on its recent $5.7 million Series Seed Extension fundraising round.
Scriptic is a pioneering games studio that pushes the boundaries of interactive entertainment by combining real video footage with generative AI technology and in doing so creates immersive gaming experiences for players and offers a new dimension of storytelling.
The funding round was led by BITKRAFT, a venture capital firm focusing on the gaming, Web3, and immersive technology sectors, with participation from other notable investors including Tower 26 and the Amazon Alexa Fund, as well as additional and returning investors. The funds raised from the round will be used to develop and significantly expand Scriptic’s content pipeline and onboard a community of external writers to its AI-led creator service to build, share, and monetize their own stories.
“We are thrilled to have advised Scriptic on this fundraising round,” stated Charlie Leveque, H&L Corporate Partner, “Scriptic’s blending of real world video footage and generative AI technology has the potential to redefine the gaming experience. Our considerable experience in supporting visionary founders in the interactive entertainment space means we are well positioned to provide Scriptic with valuable advice and support.”
On working with team at Harbottle, Scriptic’s co-founder, Nihal Tharoor, said, “Charlie, Tom and the team have played a key role in our funding rounds. Their dedication and professionalism have been invaluable throughout and we look forward to continuing to work with them on this exciting journey”.
The Harbottle team advising Scriptic on the transaction was led by Charlie Leveque and Tom Macleod, Corporate Partners, with support from Jake Jacobson, Corporate Associate and Kerry Hanley, Trainee.
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