GXC Launches Round Ventures to Invest in Games Startups




GXC, a leading global solution of the video game industry, has launched Round Ventures, its new US$40 million plus venture fund focused on investing in early stage games startups. The fund will invest in promising video game developers and video game related companies to help fuel their growth while continuing to deliver high quality content and services.

Round Ventures aims to invest US$2 million – US$8 million per company with co-investors valued between US$10 million – US$50 million and to support companies’ exponential growth.

Qualified companies should either already be generating revenue with their current project or companies that are working on their first project should have momentum around it.

Round Ventures will be investing in its first projects this November, during its first ever investment summit in Jeju, South Korea called Round Ventures Select Asia. At the event, the fund will be inviting 10-15 video game companies to showcase their games and services in front of the Round Ventures team, its vast group of Investors, renowned media and influencers. The fund plans to host two investment events annually in Asia and Europe.

“We believe the video games industry is in need of a system where early stage

companies receive both growth and guidance on how to execute their projects

successfully,” said Rick Nahm, general partner at Round Ventures. “With this in mind, we’re investing in the brilliant minds behind the projects. We deeply value the potential of developers and innovators in the games industry and will be actively looking to help them flourish.”

With the launch of Round Ventures, GXC continues to grow its strength in the video game market. It has successfully set up a 360-degree ecosystem through its three branches of business. This includes leveraging its Global Top Round accelerator to push growth to projects in need of guidance, improving projects with its data-driven G.Round game platform, and now using Round Ventures to further invest and grow startups.

After the application review and user preference testing, studios can be invited to private investor relations events, semi-annual private gatherings between investors and developers.

 

This news is republished from another source. You can check the original article here

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