# Mountaintop Studios: Computer games, Los Angeles, United States

> Mountaintop Studios: Mountaintop Studios was an independent game studio founded in 2020 by Nate Mitchell and Matt Hansen. Based in Los Angeles, United States.

Source: https://millionrounds.com/startup/mountaintop-studios (Millionrounds; every figure on the page links to its filing or article)

United States · [Computer games startup](https://millionrounds.com/companies)

# Mountaintop Studios

Mountaintop Studios was an independent game studio founded in 2020 by Nate Mitchell and Matt Hansen.

Funding reported Last round: Series A

Computer games Los Angeles, United States

Company summary

- **Founded:** 2020 6 years old
- **Team:** 11 11 to 50 people
- **Funding reported:** $86M in dollars
- **Last round:** Series A Jan 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Mountaintop Studios has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Mountaintop Studios

Mountaintop Studios was an independent game studio founded in 2020 by Nate Mitchell and Matt Hansen.

Based in San Francisco, California, with additional operations in Los Angeles, the studio was composed of industry veterans from major gaming companies. It raised approximately $65.5 million in funding, including a $30 million Series A in 2021. The studio developed a free-to-play tactical shooter called Spectre Divide, which featured a unique "two-body" mechanic for gameplay. The game aimed to attract players who enjoy competitive multiplayer experiences. Unfortunately, Mountaintop Studios closed in March 2025, just six months after launching Spectre Divide, due to challenges in achieving sustainable player engagement and revenue.

## What company datasets say Mountaintop Studios raised

Funding, as reported

Reported in all **$86M** in dollars

Rounds **4**

Last round **Series A**

Last round size **$30M**

Last round date **Jan 2024**

Investors listed **24**

SEC Form D **$20M sold, 1 filing, last Sept 2023**

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Nathaniel Mitchell** Chief Executive Officer, Chief Financial Officer and Secretary i
- **Matthew Hansen** Chief Operating Officer i

On the board, as filed i *Jonathan Lai*

## On a portfolio page

Investors who name them

- [Electric Ant](https://millionrounds.com/fund/electric-ant)

Each firm lists Mountaintop Studios on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

libraries game industry veterans consumers player retention game player retention futuristic shooter mechanics game success game industry success metrics game monetization game industry trends game community building information technology & services game community focus global talent veteran game developers game industry veteran leadership

Built with from their website

AI Netlify Zendesk Remote Android

- **Sector:** Computer games
- **Industry code:** NAICS 519, 513210, SIC 7933, 7372
- **Region:** California
- **Revenue:** $2.2M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mountaintop-studios)

## Computer games in United States

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- [**Epic Games** Cary · founded 1991 *Raised*](https://millionrounds.com/company/epic-games)
- [**Jam City** Culver City · founded 2009 *Raised*](https://millionrounds.com/company/jam-city)
- [**PlayVS** Los Angeles · founded 2018 *Raised*](https://millionrounds.com/company/playvs)
- [**Pocket Gems** San Francisco · founded 2009 *Raised*](https://millionrounds.com/company/pocket-gems)
- [**Survios** Marina del Rey · founded 2013 *Raised*](https://millionrounds.com/company/survios)
- [**Bonfire Studios** Irvine · founded 2016 *Raised*](https://millionrounds.com/company/bonfire-studios)
- [**Mythical Games** Los Angeles · founded 2018 *Raised*](https://millionrounds.com/company/mythical-games)
- [**Ambrus Studio** New York · founded 2021 *Raised*](https://millionrounds.com/company/ambrus-studio)

## Is this your company?

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