Key Phrase: fundraise new game
Are you a developer who is struggling to fundraise for your new game? Well this article may be a source of knowledge to help you source capital.
Being a new video game developer can be hard, especially when you are starting. Long hours and lots of coding can make it a complicated process even to build a game, not to mention the writing, character, and map design, as well as everything else.
The hardest part about it, could be sourcing capital for your new game. Today, there are new solutions you can use to combat this issue on a micro level. You can try to advertise on social media, but if you want your game to be successful you need capital.
Crowdfunding sites like IndieGoGo and Kickstarter provide developers with an excellent platform to fundraise. Additionally, they do an excellent job of providing access to mass capital, but that only happens if you get the name out there.
If you are struggling to raise capital for your app, whether it be due to lack of community interest, or low funding, here is a new solution for you.
According to VentureBeat, Transcend Funds, a Venture Capital just raised $50 million to invest in early-stage games. According to their about page,
“From Commodore to the cloud, the Transcend Fund was created by game industry veterans that have built digital entertainment companies for decades. We’ve worked on some of the largest franchises in the industry and with some of the most innovative developers and ambitious creators in the world.”
If you are a new developers, this could be a very lucrative opportunity. The potential opportunity created by Transcend funds poses a real opportunity for the success of their games.
The firm will be investing checks in the range from $200,000 to $2 million. Developers in the pre-seed stage or Series A stage will have the best chance of receiving capital from the firm.
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