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Ambrus Studio

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Web3 gaming studio developing free-to-play eSports

Huangpu, ChinaFounded 2021Consumer Services
Valuation $50–100M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Ambrus Studio

Ambrus Studio is a game development company founded in December 2021 by Johnson Yeh, the former CEO of Riot Games Asia-Pacific, who is widely regarded as the 'Godfather of Esports in China'. Yeh, who holds a Ph.D. in strategic management, left his role at Riot Games to establish a company that aligns with his passions, aiming to leverage blockchain technology to solve issues within the gaming industry rather than focusing on a pure play-to-earn model. The studio's team includes veterans from prominent game companies like Tencent and miHoYo.

The company's core mission is to create high-quality, free-to-play games that bridge the gap between traditional Web2 players and the Web3 ecosystem. Ambrus Studio operates with a vision of “Good Games for Good Cause,” intending to raise awareness about climate change through its game narratives. The studio’s flagship project is the E4C (Earth 4° Celsius) ecosystem, which includes several games. Their first major title is 'E4C: Final Salvation,' a mobile-native MOBA (Multiplayer Online Battle Arena) eSports game. Other games in development or released include the Telegram-based mini-game 'E4C: Demon Hunter' and a PC game, 'E4C: Fallen Arena'.

Ambrus Studio's business model focuses on making free-to-play games profitable, particularly in emerging markets like South Asia, the Middle East, and Africa. Monetization is driven by leveraging Web3 technologies, such as dynamic NFTs on the Sui blockchain, to create infinitely personalizable and tradeable in-game items like skins. This model aims to create new revenue opportunities for creators and influencers who can co-create and sell their own branded skins. The company has secured significant funding, including a multi-million dollar Series A round led by The Spartan Group and a $15 million investment from Bolts Capital to enhance AI-driven game development.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Huangpu, China
Employees
9
Open positions
None listed
Dealroom signal
30.2/100
Industry
Gaming
Sector
Consumer Services
Business model
SaaS
Client focus
b2c

Funding history

2 recorded events

1 token-sale event is listed separately and excluded from the company funding total.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Oct 2025 $15M $60M Bolt's Capital ↗
ICO✓Token sale Jul 2022 $65M — Cobo · Krypital Group · The Spartan Group · No Limit Holdings ↗
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

Ambrus Studio website traffic

Latest recorded traffic for Ambrus Studio is 20 monthly website visits, down 96.5% over the last three months. Ambrus Studio's team declined 25% over the past year.

Latest monthly visits20 3-month web change-96.5% 1-year team growth-25%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

11 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Bolt's Capital

Other known investors10 additional known investors

  • 6th Man Ventures
  • Axia8 Ventures
  • B1V
  • Cobo
  • Krypital Group
  • M13
  • No Limit Holdings
  • Red Building Capital
  • The Spartan Group
  • The LAO
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇳 China57.1%
🇳🇬 Nigeria28.6%
🇮🇹 Italy14.3%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ambrus Studio on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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