Investment company Victory Square snaps up venture fund V2 Games

Pacific Rim: Breach Wars soft-launched in the US back in April

Date Type Companies involved Size
July 18th, 2018 acquisition V2 Games
Victory Square
Not disclosed
Investment company Victory Square snaps up venture fund V2 Games

Canada-based investment company Victory Square has acquired games venture funding group V2.

The acquisition was formally completed back in May and will see V2 Games join the company’s media division, which focuses on games and films along with augmented and virtual reality.

The purchase comes off the back of V2’s recently released Pacific Rim: Breach Wars, which was produced in partnership with Los Angeles-based developer Kung Fu Factory.

According to Victory Square, Breach Wars has accumulated more than two million users in North America since soft-launching in April.

It also debuted at fifth on the RPG charts in Canada and at 13th in the United States. The title is expected to launch in Asia in the near future.

Terms of the acquisition were not disclosed.

Eastward bound

“Our focus, of course, is on leveraging these results for our shareholders, but as a high-tech team that loves to entertain and empower, we are also delighted to see the critical praise for our entertainment arm, including V2 Games and the very positive reviews of video games such as Pacific Rim: Breach Wars,” said Victory Square CEO Shafin Diamond Tejani.

“We set out to create a truly-integrated media and content division, and with the integration of V2 Games into our operations, we have finally achieved that major milestone.”

Staff Writer