Gaming solutions company GXC has announced the creation of a venture fund worth nearly $40m+ to invest in startups, developers and video game-related companies across the industry. Called Round Ventures, GXC aims to invest between $2-$8m in companies that they choose to support. As the release states, “The launch of Round Ventures demonstrates GXC’s bullish perspective on the opportunity for value creation from building and investing in the games industry. The fund is eager to support the projects of the future.”
According to the release, “The fund will invest in promising video game developers and video game related companies to help fuel their growth while continuing to deliver high-quality content and services.” The fund is intended for companies that are already generating revenue or that already have significant momentum behind their projects. With co-investors valued between $10m and $50m.
Here comes the money
Round Ventures will be holding its first investment summit at an event named ‘Round Ventures Select Asia’ in South Korea. Companies seeking investment will be offered the opportunity to showcase their games or projects to a team of investors who’ll select successful candidates to qualify for investment. General Partner at Round Ventures, Rick Nahm said, “We believe the video games industry is in need of a system where early-stage companies receive both growth and guidance on how to execute their projects successfully.”
This article was first published on PocketGamer.biz.
