Nexon, Wargaming.net and Zynga invested in a venture fund for game developers
The main investor of Supercell, London Venture Partners, has founded a venture fund that will sponsor European gaming teams. Nexon has already invested in the latter, Wargaming.net and Zynga.
The size of the fund is still unknown, but in an interview with TechCrunch, LVP chief partner Paul Heydon said that up to 25 investor programs from $50,000 to $500,000 per company are planned. Based on these data, our Western colleagues conclude that the fund is unlikely to exceed $12.5 million.
Despite the fact that, according to Hayden, there is no iron regional binding, LVP mainly invests in companies from Finland, Denmark, Great Britain and Spain. The current foundation will also probably pay special attention to studios from these countries. Moreover, the focus will be on Scandinavia. The reason is simple – local governments will help with investments there (in Finland, from €30 million to €40 million is allocated annually from the budget to support high-tech companies).
How will the worthy ones be chosen?
- First of all, they will look at the team to see if they have the "right creative vision", "the ability to implement this vision", "the ability to attract great people to work on the project".
- Secondly, he plans to see how passionate the team is about game development.
- Thirdly, the experience of the team.
They plan to invest in the gaming sector as a whole, but LVP is most interested in mobile midcore games.
Whether it is worth expecting much from the fund, named the LVP Seed Fund, is hardly possible to say now. But, for the record, London Venture Partners has previously invested in companies such as Supercell, NaturalMotion, Playfish, Applicier and Unity.
A source: http://techcrunch.com
