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Double Loop Video games, the cell studio co-founded by Emily Greer and Shelby Moledina, is shutting down after 4 years.
Greer broke the information on Linkedin and defined the corporate struggled to make headway in a “very hostile funding and advertising and marketing surroundings.”
The studio has raised over $10.5 million to this point throughout two funding rounds in 2020 and 2021, however Greer claimed cell studios particularly are struggling within the present financial local weather.
In consequence, the co-founders determined to just accept a proposal from Scopely tabled in November that may see many of the Double Loop group be part of the mobile-first developer to work on a brand new mission inside its GSN Video games subsidiary.
Scopely and Double Loop
Just a few Double Loop workers, nonetheless, weren’t included in that deal and have subsequently misplaced their jobs as a result of shuttering. Greer implored corporations with open roles to snap up her “distinctive” colleagues and attain out straight for extra info, together with full contact particulars, resumes, and portfolio hyperlinks.
Discussing her personal plans, Greer stated she intends to take an prolonged break earlier than returning to the trade.
“As for us, Shelby and I each determined we need to take some prolonged day without work earlier than leaping into our subsequent issues, beginning for me with an prolonged journey to Australia and New Zealand I’ve lengthy needed to take. Shelby is writing and directing a brief movie, whereas additionally spending time at dwelling together with her husband and children. We’ll each be again in time for GDC and sit up for catching up with of us there,” she added.
“Lastly, we need to thank all of the group members, buyers, enterprise companions, mates, and household who labored with us, believed in us, and supported us by way of this journey. It’s been a beautiful expertise due to all of you, and we wouldn’t have missed it for the world.”
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