Iron Mountain Interactive secures $3m investment from Oasis Games
Funding represents first Western investment from the Hong Kong-based publisher
Austrian indie developer Iron Mountain Interactive has secured a $3 million Series A investment from Asian publisher Oasis Games.
The deal will see Oasis Games retain a minority stake in the company along with securing exclusive worldwide publishing rights to Iron Mountain's unannounced game, a competitive online multiplayer "Hero Sport" slated for release in 2019.
Established last year in Vienna, Iron Mountain was founded by a group of Rockstar Games, Deep Silver, and Socialspiel Entertainment veterans with experience working on titles such as Grand Theft Auto, Dead Island, Max Payne, and Manhunt.
"Oasis Games shares our vision for bringing high-quality online multiplayer games to the world, and they have been doing so globally since 2011," said Iron Mountain CEO Mike Borras.
"I'm looking forward to working in partnership with Oasis Games to combine their Chinese and global platforms and resources with our love for creating unique and ambitious multiplayer games that can be enjoyed on multiple platforms by millions of players around the world."
To date, Oasis Games has released 90 titles across PC, console, and mobile, including Legend Online which has over 50 million players.
"[This] is our first investment in a Western company and further strengthens our publishing portfolio and stable of development talent, as this team's long and impressive track record for developing high-quality, unique gameplay experiences for both Western and Asian audiences, will resonate with our international player base," said Oasis Games CEO Yuhui Wang.
"This partnership marks yet another milestone in our ongoing strategy for growing our business in the Western market, together with our partners at Sony Interactive Entertainment Asia."