Ludeo Overview
Ludeo is a venture backed hyper-growth startup focused on revolutionizing the video game industry by building the first playable social media platform for gamers. The company's platform is designed to enrich gaming communities by converting gameplay moments into shareable and interactive highlights. It supports instant access to gaming highlights for on-demand competition and engagement, aiming to deepen connections among gamers and enhance their skills.
Cumulative Funding Raised Over Time ($)
$10.0MDec 2021
$12.0MJul 2021
$42.0MJul 2022
$42.4MJun 2023
Latest News
growth-negative
Gaming startup Ludeo lays off half its staff as AI reshapes industry | CTech
Ludeo, a gaming company founded in 2022, is undergoing significant restructuring after raising $42 million from investors such as Corner Ventures, LG Ventures, and others. The company is laying off approximately half of its 50 employees, primarily in Israel, due to changes in the gaming industry influenced by AI technologies. Ludeo, which developed an interactive media format for gaming, is reassessing its strategy and operations. In May, Rob Schonfeld was appointed as the companys first Chief Business Officer, bringing experience from his previous role as CRO of Activision Blizzard. The layoffs and strategic reassessment indicate a challenging period for Ludeo as it navigates industry shifts.
InvestmentLayoffsManagement Changes
| Sector | Media & Entertainment Technologies |
Funding
| Total funding | $42.36M |
| Last funding | $358.92K |
| Stage | A |
| Rounds | 4 |
| Investors | 9 |
Team Members
7
Employees: 51-200
Web & Social Links
| Website | business.ludeo.com |
| Careers | Careers page |
Locations
United States
1013 Centre Rd #403b, Wilmington, DE 19805, USA
Photos & Videos
1 item(s)
Ludeo Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Media & Entertainment TechnologiesDigital Content Engagement & EntertainmentTarget Customer
ConsumersRecreational & LifestyleGamersMedia & EntertainmentGaming IndustryCore Technology
Platforms & InterfacesWebSoftwareTags (6)
videopersonalizationgamesweb-platformgamerssocial-networksGeographic Markets
AmericasLudeo Financials
$42.36M
Total funding
Undisclosed
Capital raised
$358.92K
Last funding
A
Funding stage
4
Total rounds
9
Investors
Cumulative Funding Raised Over Time ($)
$10.0MDec 2021
$12.0MJul 2021
$42.0MJul 2022
$42.4MJun 2023
Private Equity Funding
Undisclosed Round
Jun 2023
$358.92K
Playtika, Stardom Ventures, LG Technology Ventures, Samsung Next TLV, OurCrowd, Corner Ventures, AnD Ventures, LightShed Ventures
A Round
Jul 2022
$30M
Corner Ventures (Lead)
,
AnD Ventures, Playtika, Samsung Next TLV, Stardom Ventures
Seed
Dec 2021
$10M
Playtika (Lead)
,
Stardom Ventures, AnD Ventures
Pre-Seed
Jul 2021
$2M
AnD Ventures (Lead)
,
KDC Media Fund, Stardom Ventures
Ludeo Lifecycle
Cumulative Funding Raised Over Time
$10.0MDec 2021
$12.0MJul 2021
$42.0MJul 2022
$42.4MJun 2023
All Events
Undisclosed Round
Jun 2023
$358.92K
Playtika, Stardom Ventures, LG Technology Ventures, Samsung Next TLV, OurCrowd, Corner Ventures, AnD Ventures, LightShed Ventures
A Round
Jul 2022
$30M
Corner Ventures (Lead)
,
AnD Ventures, Playtika, Samsung Next TLV, Stardom Ventures
Seed
Dec 2021
$10M
Playtika (Lead)
,
Stardom Ventures, AnD Ventures
Pre-Seed
Jul 2021
$2M
AnD Ventures (Lead)
,
KDC Media Fund, Stardom Ventures
Ludeo News
1 article
growth-negative
Gaming startup Ludeo lays off half its staff as AI reshapes industry | CTech
Ludeo, a gaming company founded in 2022, is undergoing significant restructuring after raising $42 million from investors such as Corner Ventures, LG Ventures, and others. The company is laying off approximately half of its 50 employees, primarily in Israel, due to changes in the gaming industry influenced by AI technologies. Ludeo, which developed an interactive media format for gaming, is reassessing its strategy and operations. In May, Rob Schonfeld was appointed as the companys first Chief Business Officer, bringing experience from his previous role as CRO of Activision Blizzard. The layoffs and strategic reassessment indicate a challenging period for Ludeo as it navigates industry shifts.
InvestmentLayoffsManagement Changes
Ludeo Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 68 |
| Team members | 7 |
Similar Companies
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Ludeo Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Yotam Maman |
| Registrar ID | 516336831 |
| Crunchbase | edge-gaming |
| Phone | +972528353750 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Matan Eblagon |
| Updater email | matane@sncentral.org |
| Last update | 2024-05-26T00:00:00.000Z |
| Created | 2020-12-21T00:00:00.000Z |
| Claimed | Yes |