Second Dinner has announced a $100m Series B investment round led by Griffin Gaming Partners.
Following the round, Second Dinner will continue to operate independently, with Griffin Gaming Partners and the studio’s original investor NetEase acting as minority investors. Second Dinner also said that the funds will be spent on support for Marvel Snap and “a couple other things” it has in the works.
Marvel Snap has over 22m downloads and has made over $200m in revenue since it launched in 2022, Second Dinner said.
There was previously some uncertainty around the studio after its publisher Nuverse was restructured and effectively closed following parent company ByteDance’s withdrawal from the games business. Second Dinner did however move to calm fears for the studio at the time, saying that “regardless of any changes at Nuverse, Snap will continue to operate and flourish in the future”.
Second Dinner leadership Ben Brode, Hamilton Chu and Matt Wyble said as part of today’s announcement that the funding from Griffin gives the team “capital to jump on any great opportunities” that might arise and also to “develop and commercialise new titles, incubate original IP, write better press releases, and ensure that Marvel Snap continues to grow globally.”
As we reported back in September, Second Dinner has already started work on its second game. It was hiring for a lead product manager for the new title with experience leading “mobile and free to play games” and in “turning games into great businesses with awesome liveops, monetisation design, analytics, testing, and progression systems”.
The successful candidate was the “the third or fourth” member of the new team working on the project, and appears to have been hired, as the job ad is no longer live.
