Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Gaikai up to $15 million in capital with second round of funding]]>http://www.joystiq.com/2010/05/24/gaikai-up-to-15-million-in-capital-with-second-round-of-funding/http://www.joystiq.com/2010/05/24/gaikai-up-to-15-million-in-capital-with-second-round-of-funding/http://www.joystiq.com/2010/05/24/gaikai-up-to-15-million-in-capital-with-second-round-of-funding/#comments Tired of what we silly game journalists have to say about the upcoming Gaikai game streaming service and thirsting for comments from the venture's latest investment partners? We were too! Thankfully this morning's announcement that several investment groups will be adding another $10 million to the already $5 million-strong coffers at Gaikai brought with it a handful of quotes from just such folks.

Rustic Canyon Partners' Nate Redmond sees "interesting new growth opportunities for the industry" in the streaming service, while Benchmark Capital's Mitch Lasky envisions the business as one "poised to take advantage of sweeping changes in how games are bought, sold, and ultimately even played brought about by the industry-wide shift to digital distribution." Unfortunately for us, however none of the investment partners seem to know when Gaikai will become usable by the general public, instead offering word of upcoming announcements about "other strategic industry investments and partnerships soon." We're thinking E3 might be a good time for that. And hey, that's pretty soon!

JoystiqGaikai up to $15 million in capital with second round of funding originally appeared on Joystiq on Mon, 24 May 2010 22:00:00 EST. Please see our terms for use of feeds.

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