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Gardens

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A new game studio growing online games designed to foster meaningful and memorable moments between players worldwide

Los Angeles, United StatesFounded 2021Consumer Services
Valuation $100–250M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Gardens and the history behind them.

About Gardens

Gardens Interactive, operating under gardens.dev, is a fully-remote video game development studio with operational bases in Los Angeles and Portland. The company was established in 2020, emerging from stealth in February 2022, through the collaboration of co-founders Chris Bell, his brother Stephen Bell, and Lexie Dostal. This trio of seasoned developers shares a history of working on critically acclaimed titles. Chris Bell's portfolio includes design roles on *Journey*, *Sky: Children of the Light*, and *What Remains of Edith Finch*. Stephen Bell brings narrative direction expertise from his work on *Blaseball* and *What Remains of Edith Finch*. Lexie Dostal, the studio's CTO, is known for co-creating the platformer *Dustforce*. Their collective experience on projects emphasizing unique multiplayer connections and storytelling forms the bedrock of Gardens' philosophy.

The studio's mission is to build lush, living online worlds that foster meaningful relationships between players. It operates with a focus on creating a healthy and sustainable work environment, offering a 35-hour work week and full benefits to its team, which includes talent from studios behind major games like *Marvel's Spider-Man*, *Skyrim*, and *Ratchet & Clank*. Financially, Gardens has secured significant backing from the investment community. After an initial seed round of $4.5 million, the company raised a substantial $31.3 million in a Series A round co-led by Lightspeed Venture Partners and Krafton. This round attracted a syndicate of high-profile investors and advisors from across the tech and gaming industries, including figures associated with Nintendo, Sony, Microsoft, and Tencent.

Gardens' business model centers on the development and sale of PC and console video games. The company's inaugural project is an unannounced, ambitious online fantasy game. Described as an "ever-evolving online PvPvE fantasy adventure sandbox ARPG," the game aims to merge cooperative and competitive gameplay in a shared, dynamic world. It builds on the founders' past successes by creating novel cooperative mechanics that reward players for helping one another, while still allowing for the possibility of conflict and betrayal. The game, being developed with Unreal Engine 5, is designed to provide new experiences with each playthrough, evolving over time with its community. By presenting a playable prototype at the 2023 Game Developers Conference, the team demonstrated its vision, which was instrumental in securing its Series A funding.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Los Angeles, United States
Employees
54
Open positions
None listed
Dealroom signal
43.3/100
Industry
Gaming
Sub-industry
eSports
Sector
Consumer Services
Client focus
b2b, b2c

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Jul 2023 $31M $125M Transcend Fund · Vanessa Pappas · Krafton · Dreamhaven ↗
EARLY VC✓Equity / VC May 2023 $12M $49M Undisclosed ↗
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Growth signals

Gardens website traffic

Latest recorded traffic for Gardens is 13K monthly website visits, down 85.4% over the last three months. Gardens's team grew 1.9% over the past year.

Latest monthly visits13K 3-month web change-85.4% 1-year team growth+1.9%
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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

8 investors on the cap table

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

Seed1 investor entered at this stage

  • Transcend Fund

Series A6 investors entered at this stage

Other known investors1 additional known investor

  • 1Up Ventures
Employees 54 total headcount
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
🇺🇸 United States76.1%
🇨🇦 Canada21.7%
🇬🇧 United Kingdom2.2%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Gardens 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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