V2 Games' Future Fund invests in WWE Champions dev Kung Fu Factory
Free-to-play studio is the first beneficiary of $10m fund to drive innovation in games
Canadian ventures firm V2 Games has announced the first investment made from its $10m Future Fund.
The company will pour an undisclosed sum into Kung Fu Factory, the Los Angeles-based mobile studio behind WWE Champions and various other licensed free-to-play games.
Kung Fu Factory will use the funds to boost the launch of its upcoming titles. It will also receive operational support from Ludare Games Group that will assist with the self-publishing process.
The Future Fund was launched earlier this year as a $10m initiative to finance start-ups working on innovative new technologies and concepts that can potentially take the industry forward. Examples include augmented reality, esports and Blockchain technology.
While it's not detailed how Kung Fu Factory's next game falls within this remit, V2 Games CEO Sam Chandola said in a statement the studio was chosen for its "very competent team" and "extremely robust and exciting technology stack."
We spoke to Chandola about what he's looking for from Future Fund applicants. You can read the full interview here.