Blade, a France-based cloud gaming platform backed by cable and telecommunications provider Charter Communications, secured €30m ($32.7m) in funding on Tuesday.
Technology investment firm Serena Capital’s V13 fund supplied the funding along with private investors Erik Maris, Laurent Deltour, Christophe Karvelis, Philippe Lazare, Lionel Scotto le Massese, Marc Simoncini and Pierre le Tanneur.
Founded in 2015, Blade has created a subscription-based cloud gaming platform called Shadow that transfers the power requirements of a PC to data centres, meaning PC-quality games can be accessed through mobile devices or televisions.
Emmanuel Freund, Blade’s co-founder, said: “We were the first to show that cloud gaming works. Other actors have followed us: it is up to us to show that we remain pioneers, innovative, at the cutting edge of technology and proud to carry the values of a French start-up to the world.”
The company raised money from Charter Communications in October 2018 and revealed this week it pulled in a similarly undisclosed amount from hard disk producer Western Digital earlier this year.
Blade had already received $57.1m in series A funding in mid-2017 from a group of 20 angel investors, the same backers having previously provided $14.6m for the company. It said it has now raised approximately $111m in total.
