Kuju Startups Fund crowdfunding campaign listed on Seedrs posted exciting news: the campaign just secured a £200,000 investment from an UK-based angel investor. Details arrived via email from Co-Founder Travis Winstanley, “The investor is a private individual, with a background in M&A, who sees huge potential of fund and the wider video games market.” The Seedrs’ campaign funding has now exceeded £252K, surpassing 84% of its goal.
“The investment was agreed after one week of talks and meetings, and it’s clear the investor will be a huge asset to the team,” continued Winstanley. “From building to growing to selling the companies, it will be great having a like-minded investor on board. Investors will enjoy the opportunity to invest in a diverse portfolio of promising video game developers on mobile, tablet and PC platforms.”
As Kuju Startups Fund nears the closing stage on its campaign, shared Winstanley, “the investment has taken us one significant step closer to building a portfolio of great games companies. Though there’s still a chance for the crowd to join us. As we enter the closing stages of our campaign, we stand at 84% funded – there’s still time to welcome investors who share our ambition and enthusiasm for video games.”
With the full support of Kuju Entertainment – one of the UK’s leading video game developers – each startup will receive hands-on support in taking each product from concept to market. Focusing on the high growth mobile, tablet and PC sectors (these markets are expected to grow year-on-year at 16.5% to reach a global value of $28.9 billion by 2016), each company will receive a gross investment of up to £150,000 in return for equity (up to a maximum of 40%) in its business.
Kuju, founded in 1998, works with world-leading publishers, such as Microsoft, Nintendo and Ubisoft and has shipped over 120 titles across 14 different devices including Powerstar Golf on the Xbox One, Disney Sing It!, Zumba, Rabbids, Art Academy, House of the Dead and Silent Hill.
Led by Games Investment Director Travis Winstanley, Business Development Director Derek De Filipp, Director of Art and Production of Zoë Mode Ben Hebb, Studio Head of Headstrong Games Bradley Crooks, CEO of Kuju Entertainment Ltd. Dominic Wheatley, Commercial Director of Kuju Entertainment Gary Bracey, mobile game design and monetization guru Oscar Clark, and Studio Head of Zoë Mode Paul Mottram, the Kuju’s Startups Fund Team possesses a far-reaching indie and investment community network, and according to the campaign, typically discovers high-quality investment opportunities through one of the following sources:
- Kuju’s expansive network of existing developer contacts, Kuju’s influential advisory panel
- The investment community
- Established accelerator programs
- Networking at global video game events and exhibitions
- Manual searches in specific print and online news sources and publications
In addition, the company announced additional exclusive investor perks shown on the right. Further financial and campaign updates may be found on the Seedrs’ campaign.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!