Phoenix Labs

Phoenix Labs

Develops multiplayer games with crossplay features

About Phoenix Labs

Simplify's Rating
Why Phoenix Labs is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Entertainment

Gaming

Company Size

201-500

Company Stage

Acquired

Total Funding

$152.9M

Headquarters

Vancouver, Canada

Founded

2014

Overview

At Phoenix Labs, employees have the opportunity to be at the forefront of the gaming industry, developing deep multiplayer games that pioneer true crossplay and cross-progression capabilities. This company stands out in the gaming sector by not only focusing on immersive and engaging multiplayer experiences but also embracing cutting-edge technology to enhance gameplay and user experience across various platforms. With projects like Fae Farm that offer unique and enchanting settings, working at Phoenix Labs means being part of a creative and innovative team that continually pushes the boundaries of what is possible in game development.

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Simplify's Take

What believers are saying

  • Subscription-based gaming services offer Phoenix Labs broader audience reach.
  • Indie game popularity provides Phoenix Labs with more visibility and distribution channels.
  • Remote work trends enable Phoenix Labs to attract global talent.

What critics are saying

  • Increased competition from major players like Tencent and Sony.
  • Rising development costs could strain Phoenix Labs' financial resources.
  • Potential talent drain due to lucrative offers from larger companies.

What makes Phoenix Labs unique

  • Phoenix Labs regained independence through a management buyout in 2023.
  • Focus on cross-platform play and cloud gaming sets Phoenix Labs apart.
  • Strong presence in indie game development enhances Phoenix Labs' market position.

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Funding

Total Funding

$152.9M

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Company News

GamesIndustry.biz
Feb 3rd, 2023
Phoenix Labs regains independence after management buyout

Canadian developer Phoenix Labs will go back to being independent following an investor-backed management buyout. Accor…

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