Hitfox launches "six-figure" incubator
HitFox Game Ventures will offer seed money and advice to gaming start ups
German games distributor Hitfox has decided to share the wealth, launching new incubator HitFox Game Ventures.
"In the past 12 months we have built up a highly productive and entrepreneurial team of 55 gaming, marketing and IT specialists. In addition, we have acquired over 100 game publishers as clients and have seen an eightfold increase in our turnover within the last six months," said CEO Jan Beckers.
"Taking on the role of incubator, we are now using this momentum and rapport with customers to support other game distribution founders."
It was founded by Beckers, Tim Koschella, Hanno Fichtner, Ruben Haas and Team Europe, with funding from Holtzbrinck Ventures, Hasso Plattner Ventures, Tengelmann, Kite Ventures and Bigpoint's Heiko Hubertz.
"Backed by several well-known VCs, HitFox currently has 4 portfolio start-ups and partners with more than 100 world-leading game publishers," adds the official site
It already has HitFox, Ad2Games and two unannounced start ups on its books, and will be offering seed money in the "six-figure" range, as well as a comprehensive team of 56 gaming, tech and marketing people to support participants.