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Posts tagged venture-capital

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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Indiegogo raises $40 million in second round of venture funding

San Francisco-based crowdfunding platform Indiegogo announced that it has raised $40 million in a second round of venture financing, following up on a $15 million Series A funding round in 2012. Indiegogo said in a statement that it plans to springboard off its Series B financing to focus on "ma...

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Oculus Rift gets $75 million in funding from Netscape founder's firm

Oculus VR received $75 million in funding from venture capital firm Andreessen Horowitz, led by Netscape founder Marc Andreessen. Oculus VR previously secured $16 million in its first round of funding in June. The company's Oculus Rift augmented reality hardware also earned $2.4 million on Kickstar...

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Richard Garriott's Portalarium secures $7 million funding for iOS social RPG

Richard "Lord British" Garriott is in the middle of a new gaming venture called Portalarium (it's working on a social game for Facebook and iOS called Ultimate Collection: Garage Sale), and he's just been able to convince a round of venture capitalists to support his projects, to the tune of roughl...

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Hawken developers raise $10 million in capital to launch

Tim Schafer's Double Fine Entertainment has made a lot of noise by getting fans to pay over $2.6 million for them to put together an old school adventure game, but here's a reminder that there are still some reasons to do things the old way. About 7.4 million reasons, in fact: Publisher Meteor Ente...

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Report: Game companies raise record $1.05B in 2010, up 58 percent

VentureBeat estimates game funding by venture capital broke $1.05 billion this year, a 58 percent increase from last. It's also a significant growth from the previously recorded high of $936.8 million in 2008. The video game industry – which is now spread across boxed, digitally distributed, ...

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Gaikai up to $15 million in capital with second round of funding

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...

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Game investor consultant says budgets are tightening for VCs

We here at Joystiq have a long history of making unsubstantiated claims about games we're absolutely, 100 percent, without a doubt not making. Unfortunately though, it seems that Joystiq Publishing™ is going to have to close its doors, as Develop's Nick Gibson tells us that fewer and fewer ven...

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