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Posts tagged funding

Independent game incubator secures $6 million in funding

Execution Labs is an incubator for independent games and developers based in Montreal, Canada, and it's just raised $6 million CAD in Series A funding led by Toronto media company Corus Entertainment Inc. Execution plans to use the funds to establish two tiers of support for up-and-coming developer...

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Star Citizen earns Guinness world record for crowdfunding efforts

As Star Citizen recently crossed $55 million in funding, Roberts Space Industries founder Chris Roberts announced that the game is entering the Guinness Book of World Records "not as the largest crowdfunded game of all time, but as the largest crowdfunded anything of all time."...

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Kickstarter changes terms regarding unfinished projects

Kickstarter updated its terms of use late last week, mostly cleaning up the site's fine-print language to better spell out the relationship between project creators and backers. It will remain hands-off while project leads enter agreements with their supporters, which worked well for the funding pl...

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Star Citizen reaches $50 million in space bucks

Star Citizen crossed $50 million in support following the launch of some pricey digital starships. The milestone was reached thanks to the docking of the "2945 RSI Constellation Lineup," a collection of four ships that went on sale over this past weekend. The game reached $48 million in mid-July, a...

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Nexon, Wargaming, Zynga CEO back mobile startup fund

Venture capital firm London Venture Partners is offering initial funding for mobile game development startups. The firm plans to invest between $50,000 and $500,000 into developers that are primarily in Europe. LVP General Partner Paul Heydon told TechCrunch that the firm plans to invest in 20 to 2...

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Crowdfund Bookie: One year, $35 million

The Crowdfund Bookie crunches data from select successful Kickstarter and Indiegogo campaigns that ended during the month and produces pretty charts for you to look at. A total of 341 video game projects were funded on Kickstarter and Indiegogo in the past year. Those games earned $35,945,510 fro...

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Now you can fill your PS4 wallet with PayPal bucks

PS4 owners can now buy games like Towerfall and Octodad: Dadliest Catch by stuffing their wallets full of moola from their PayPal accounts. Those looking to fund their digital purchases in this manner can do so on their PS4 consoles during the checkout process by selecting "Add Funds," then the Pay...

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Amplitude clears funding goal, races toward finish line

Harmonix has successfully matched its $775,000 goal on Kickstarter for Amplitude with 21 hours remaining in the campaign. The Dance Central developer recently admitted that its crowdfunding goal amounted to "less than half of the project budget for the game," the rest of which will come from the st...

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Australian government retracts game dev support, reassigns funding

The Australian government will shut down the Australian Interactive Games Fund on July 1, reassigning nearly $10 million it had previously earmarked for local game development studios. Media funding body Screen Australia has awarded $10 million of the government's promised $20 million stimulus t...

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Funcom nets additional $1.6 million to fund Lego Minifigures Online

Online game developer Funcom has received an additional 9.7 million Norwegian krone ($1.6 million) to continue developing its upcoming kid-friendly MMO Lego Minifigures Online, the company announced this week. The funding arrives as part of a standby equity facility agreement with Yorkville Advi...

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