It's all systems go for Polish game developer and publisher Vivid Games.

It's just raised around $1 million in investment from 31 private investors, with Giza Polish Ventures (GP Ventures) acting as lead investor.

It now has a 19.8 percent stake in the company.

Following this, Vivid floated on Warsaw's NewConnect share market. This is an alternative or secondary market, similar to London's AIM market for small cap companies.

It trades under the VVDA symbol and was valued at 10 million PLN (around $3.3 million) at launch.

Funded future

Vivid CEO Remigiusz Koscielny says the investment will be used to expand development teams and scale up the new London office.

It's also looking to release games on console and online, alongside mobile and handheld platforms.

"Most importantly, we can invest much more in developing our own IP and build a proper multi-platform approach to all of our games," he stressed.

"As we've seen from the announcements at E3, the console business is still strong, and with the explosion in mobile and social gaming, it's an exciting and challenging time to be in the games business."

[source: Invest IQ]