Kongregate has created an investment fund for mobile developers

While Mark Pincus’ company is losing employees, other companies are picking them up. The gaming portal Kongregate has invited the former CEO of Zynga to head an investment fund for mobile developers. 

Panayoti Haritatos will oversee the actions of the foundation, whose goal is to financially help teams at the final stages of development, bring the build to mind, integrate with various services, help with testing and monetization. The size of the fund is $10 million. 

For Kongregate, the benefits, in turn, are not so obvious. The fact is that the portal is owned by GameStop, which also has its own advertising iOS and Android grids. Accordingly, the company is vitally interested in expanding its own project base.

Yes, it is also important, the foundation supports only f2p games.