A new early-stage investment fund called Rooks Nest Ventures has been launched in London with an initial £28 million to pump into businesses.
The venture capital firm aims to invest in tech companies that are innovating in and around content, as well as media and entertainment outfits developing “highly licensable” intellectual property.
The London-based company will fund businesses around the world, including in the UK and US.
Eye on mobile games
Rooks Nest Ventures’ current portfolio already includes Star Trek Timelines mobile games developer Disruptor Beam, animation outfit Doodle Productions and Digital TV rights marketplace The Rights Xchange.
It’s looking for early stage companies to invest mostly in late Seed or Series A rounds.
“Our focus is on two sectors: firstly, media & entertainment companies that are building globally licensable brands — this includes kids entertainment, gaming - particularly mobile - and sports,” Rooks Nest Ventures Managing Partner Michael Sackler told PocketGamer.biz.
“Secondly, early stage tech companies which are relevant to content and content creators. That can be deep tech (streaming technology), hardware (VR, motion capture etc), and software (platforms, industry-specific SaaS).”