Games accelerator and incubator Execution Labs is closing its doors after four and a half years.

Writing in a Facebook post, Execution Labs Co-Founder Jason Della Rocca revealed that the company has now deployed all of its funding and will no longer be making any new investments.

All existing support staff will be "moving on to new adventures of their own", according to Della Rocca. He and fellow co-founder Keith Katz will also be working on new projects, though they will still assist funded developers on a strategic level.

Learning and mentoring

"At a time when the game business has been evolving constantly, I have learned as much as I’ve mentored. I am thankful to all the teams for the amazing experiences we have shared together," wrote Della Rocca.

"And, a special thank you to all the investors, mentors, publishers and partners who believed in what we were doing and played a role in helping us succeed over the years."

Execution Labs set up shop in November 2012 with $1.4 million to invest in studios.

It followed this up with a $6 million funding round in November 2014, which was used to invest in PewDiePie's Tuber Simulator developer Outerminds.