The video-game startup closed the seed round in April with investment from Andreessen Horowitz, Golden Ventures and Andreessen’s Cultural Leadership Fund, as well as angel investors including co-founders of Twitch and YouTube. (BetaKit)

Talking point: Odyssey will use the funding to develop mobile games they hope will rival League of Legends or World of Warcraft. The founding team told VentureBeat their move to Canada was predicated by the desire to be closer to family, and the federal government’s tax breaks for startups. Odyssey plans to set up a team of 10 people by the end of the year, likely at Communitech or near the University of Waterloo and Wilfrid Laurier University, with a goal of doubling their staff next year with talent from the region. “We settled on KW because it’s a tech hotspot for the Canadian ecosystem,” CEO Richard Henkel told gamesindustry.biz. “It’s a place that allows us to offer a pretty stable quality of life with a low cost of living for people within the games industry.”