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Maples Advises Vela Games on US$17.3M Series A Funding Led by Novator

30 Jun 2021

Maples and Calder (Ireland) LLP, the Maples Group's law firm, is pleased to have advised Vela Games on the Irish corporate legal aspects of its recent US$17.3 million Series A funding led by Novator Partners.

Games developer, Vela Games is a Dublin-based studio established in 2018 by a group of former Riot and Electronic Arts developers. The company previously raised US$6.9 million in funding rounds to build a 25 person development team to refine its design.

This funding round, led by Novator Partners with additional investment from Ubisoft and LVP, will enable Vela to continue expanding its team and accelerate the development of its first game, codenamed 'Project-V'. The new game is being pitched as a skill-based co-operative experience in the newly defined 'Multi-player Online Co-Operative' (MOCO) genre.

A team based in the firm's Irish office advised Vela Games and was led by Deirdre MacCarthy, a Partner in the Irish Corporate practice, who was assisted by Associate, Emma Sheehy.

Read more about this innovative transaction at: Vela Games.

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Advising on the laws of the BVI, the Cayman Islands, Ireland, Jersey and Luxembourg, our global corporate team provides expert legal advice to corporate clients on all corporate commercial matters.  Our clients include major banks, multinationals and institutional investment firms, leading law and accountancy firms and a number of state / government entities across all industry sectors.