Execution Labs Business Incubator raises $5.3 million
Execution Labs, a firm that supports and launches gaming startups, has raised $5.3 million.
The investment round was led by the media company Corus Entertainment. Funds also came from BDC Capital, Real Ventures and White Star Capital.
The company uses the money received to continue investing in novice game studios.
Other materials:
- Mobile analytics service Appsee raised $2 millionStartup Cloudgale received $1.55 million to create the first game
- Zynga Founder Launches Startup “factory”
- A source:
http://venturebeat.comExecution Labs is a so-called “business incubator”.
The company operates as follows: collects applications from novice developers, invests in the most promising projects for three months or more. Then offers them help in launching their application.
