There are plenty of development funds at the moment.
Japanese social mobile gaming platform GREE has been involved in some already, but hidden away in its most recent financial statement is the news that the cash-rich outfit is going one better and setting up its own investment outfit.
Early bird
Labelled GREE Ventures, it will be formed in November 2011 in the form of the GV-1 Investment Partnership, which will have an initial capitalisation of ¥2 billion (around $25 million).
The plan is that it will give the company access to southeast Asian start-ups that are in the internet sector - and we'd presume gaming too - as it provides them with early round funding.
[source: GREE PDF p17]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
8 hours, 49 minutes ago
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
News
May 31st, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Game Access Conference 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
Gaymer Pride | North America | Jun 1st |
BostonFig Online 2024 | Jun 1st | |
GameSummit Summer 2024 | Jun 1st | |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Games Mental Health Summit 2024 | Europe | Jun 3rd |