GameInvestors.com has announced details of its first investment deal, a multi-million pound stake from Mayfield in Acclaim Games, publisher of massively multiplayer videogames.
Founder and CEO Dave Perry explained why Acclaim was a good target: "Analysts have been calling us from around the world, very focused on this sector of the market."
"Acclaim was perfectly positioned in the game space, being entirely focused online, delivering micro-transactions, pre-paid cards, digital distribution, massive audiences, in-game advertising, user-generated content, and with a portfolio of games for both casual and core demographics."
Acclaim CEO Howard Marks was delighted by the deal: "GameInvestors has been a great resource for Acclaim's financing needs. They have advised us on our transaction and provided the right leadership for us to complete the Mayfield investment."
In Spring 2008 GameInvestors will launch two managed funds for direct investment in videogame companies, and plans to provide support for investors by tracking the studios, projects, services and a number of other areas.