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MindFuse funding

$1 million trousered by MMOG developer.

Berkeley, Calif. - October 7, 2008

MindFuse, a leading developer of online virtual worlds, today announced that they have secured $1 million in convertible note funding from Keiretsu Forum angel investors for the development of massively multiplayer online games (MMOG) and virtual worlds. The company has raised a total of $1.75 million since inception in 2006. MindFuse was founded by industry veterans Matthew Le Merle and Joseph Walters, formerly of Shockwave and Skunk Studios and.

“The richest massively multiplayer universes have been largely violent fantasy worlds,” said Joseph Walters, Chief Executive of MindFuse. “Casual, friendly games on the other hand feel more like a snack than a feast. MindFuse is going to bring the two types of gameplay and players together – simple, compelling games embedded in a deep three dimensional world”

The first game developed by MindFuse will be announced shortly, with a public beta in the spring of 2009.

“Mindfuse has rapidly built a compelling offering at the intersection of two booming sectors; massively multiplayer and casual gaming,” said Matthew Le Merle, Chairman and President of MindFuse. “Joseph has put together an exceptionally strong team to deliver on his vision of an advanced casual universe, and investors have responded accordingly.”

Funds will be used for working capital, expanding the core team based in Berkeley, and the development of a world class customer service and marketing organization. MindFuse is currently looking for a few outstanding additions to their team.

For more information on MindFuse, visit www.mindfusegames.com.


About MindFuse

Founded in 2006, and based in Berkeley, California, MindFuse is an entertainment software company focused on creating and delivering high-quality, digital entertainment to core, casual and mainstream users. MindFuse’s CEO is Joseph Walters, a founding partner of Skunk Studios and most recently a senior engineer at Shockwave. Other members of the team include renowned artist James Zhang and game industry veteran investor, Matthew Le Merle. MindFuse is currently developing its first title, which is slated for release during the first half of 2009.

Chris Schmidt, TriplePoint PR



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