News Summary

• Arcade has raised ‘seven-figure’ strategic funding from investment firm Lumina Media.
• It is the first time Arcade has raised money from an external source.
• The company is planning to use the funding to expand across Europe, the Middle East and Asia “to help brands become creator-first, access The Sidemen’s unrivalled audience and expand creator IP into new formats and geographies” It is a sign of the serious money being ploughed into the creator economy.