# Novaquark

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novaquark

- Industry: Software
- Headquarters: Paris, France
- Website: www.dualthegame.com
- Total disclosed funding: $24M
- Latest round: Series A (Jul 29, 2021)
- Investors on record: 2

## About

Novaquark SAS is a French video game developer specializing in creating expansive multiplayer online experiences, notably recognized for its innovative title, Dual Universe, which offers players a unique and immersive gaming environment.Founded in 2014 in Paris, France, Novaquark SAS is known for developing the MMORPG Dual Universe. The company raised EUR 5 million in Series A funding on July 29, 2021, co-led by Andurance Ventures and Azom Partners, bringing its total amount raised to EUR 5 million and current company valuation to EUR 29.313 mn. CEO Nouredine Abboud oversees operations, while Jean-Christophe Baillie is the founder.Dual Universe is a pioneering space massive multiplayer online (MMO) game that operates in a single, persistent universe, allowing players to create, trade, and engage in various roles. The game enables players to awaken as settlers in a galaxy devastated by a neutron star collision, where they rebuild society 10,000 years post-catastrophe. Players can design intricate structures, build spaceships, and participate in economic and combat activities, all within a customizable environment. Released in September 2022, it targets a global audience, predominantly from Europe and North America, who engage in virtual economies and collaborative gameplay.In 2022, Novaquark SAS reported a revenue of EUR 750,901.3, with an EBITDA of EUR -4,400,790.6. Revenue is generated through a subscription-based model that allows players to access the game's features, engaging in transactions for in-game currency and premium content, thereby supporting a vibrant user community.The company plans to leverage the recent EUR 5 million raised in Series A funding to enhance the development of Dual Universe and potentially introduce new features or expansions. As part of its growth strategy, Novaquark SAS is looking to expand its reach in both European and North American markets, targeting gamers who seek immersive and interactive experiences. The ongoing development aims to foster a dynamic gaming environment that attracts both casual and dedicated players.

## Funding rounds

- Series A, Jul 29, 2021, $5.9M — Andurance Ventures, Azom Partners
- Series A, Nov 10, 2020, $18M — Andurance Ventures, Azom Partners

## Investors

- Andurance Ventures (https://capitalatlas.ai/funds/andurance-ventures) — Series A
- Azom Partners — Series A