CARY – Lightforge Games has raised more than $7 million, and could raise up to $15 million, according to an SEC filing.

17 investors have already participated, according to the filing.

The company, which raised $5 million in December 2020 ahead of formally launching in May 2021, is led by a former Epic Games employee,  Matt Schembari, who is president and CEO, according to the filing.

Matt Schembari,(LinkedIn photo)

Schembari, the former director of user interface for Epic Games, said that the company would work to develop highly social, creative games in a statement in May 2021.

The company was co-founded by gaming industry veterans Schembari, Dan Hertzka, Nathan Fairbanks, Glenn Rane, and Marc Hutcheson, WRAL TechWire previously reported.

As of May 2021, the company’s leadership team and employees had worked on and shipped games including titles such as Fortnite, World of Warcraft, Diablo 3, Star Wars: The Old Republic, Hearthstone, the StarCraft 2 trilogy, Overwatch, and Elder Scrolls Online.

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The latest filing notes that funding came in the form of an equity offering and an “option, warrant or other right to acquire another security.”

The total size of the round could be $15,044,894, according to the filing.

The company is an “all-remote studio,” according to its website and a prior Twitter post.  “We’re building a studio for the long haul, rooted in a culture of empathy, honesty, and growth,” reads the website.

“As an all-remote studio, all team members live where they want with the hours that work best for them,” the careers webpage notes.  The firm is hiring a back-end engineer, according to the website.

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