Video game e-commerce platform Xsolla has launched its own $30 million investment arm targeted at funding independent games in exchange for royalties.
Developers that work with the company will agree to give it a percentage of their revenues every quarter. These revenues will be taken from all sources, such as any in-app purchases made.
Xsolla is targeting multiple platforms for its fund including mobile games. Its e-commerce business is already a partner of Korean publisher Nexon.
Much needed capital
"I am so pleased to launch Xsolla Capital as I have always been passionate about the gaming industry and finding ways to help smaller, independent game developers and publishers succeed," said Aleksandr Agapitov, CEO and founder of Xsolla and Partner in Xsolla Capital.
"By partnering with Xsolla Capital, independent developers will have the capital to finish their potentially industry-changing titles, and reaching diverse gaming audiences. In turn, investors will gain from the video games' successes and grow this niche within the lucrative industry as a whole."
Developers interested in getting a piece of Xsolla Capital's $30 million can find out more about the investment arm on its website.