Mobile Gaming Funds Ramp Up: Gamevil Invests in RPG-Maker KNetP
Earlier this year, this thing to do for mid-size, mobile-social gaming companies was to start an investment fund to source games from smaller, third-party studios. TinyCo, then Crowdstar, Gamevil and 6 Waves-LOLapps all jumped on this bandwagon. It’s a way to de-risk the process of coming up with new titles and also a way to get dibs on potential companies to acquire.
South Korea’s Gamevil announced a $10 million fund four months ago and has been doing one to two deals a month since then.
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