£15m London cloud gaming company sees “astronomical growth” with £2.6m funding from Atari

London headquartered global cloud gaming company Antstream Arcade has announced that it has closed a financing round of $3.5m (approximately £2.6m) led by the Atari Group.

This latest funding brings Antstream Arcade’s total investment received to over $20m (approximately £15m).

With investors including Chinese gaming and social company Tencent and London based venture firm Hambro Perks this funding comes at a time when Antstream is enjoying a period of “astronomical growth”.

According to a report by market researcher Newzoo, the global market for cloud gaming will hit 23.7m paying users and $1.6bn (approximately £1.2bn) in revenues by the end of 2021.

Founded in 2013, Antstream Arcade offers players around the opportunity to play and compete in the world’s largest library of iconic games from the arcade era up to the modern day retro indie titles, with over 1200 titles on the platform, including iconic classics like Space Invaders, Pac-Man, and Mortal Kombat.

Antstream Arcade CEO Steve Cottam said: “Atari is synonymous with the golden era of games that Antstream Arcade was built to bring to gaming audiences worldwide, so to have its support in growing the platform is one of the best endorsements we could possibly hope for.

Cloud gaming is the future of the games industry, and this latest funding will enable us to expand our industry leading library of games, but also make them available on more devices and in more countries than ever before. “

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