Jumpgate Receives ca 14 million SEK in Project Financing for Game Project
Summary
Jumpgate has entered into an agreement for project financing with Susana Meza Graham and Andras Vajlok (MGV) amounting to ca 14 million SEK (1.2 million EUR) for a yet to be announced game project, which will be published by THQ Nordic. We are joined by a very experienced investor in MGV, who we know well, a strong publisher in THQ Nordic and an established game with a loyal following. We see significant potential in this kind of project where a classic game with an established IP and target group gets a remaster and reaches the market efficiently, says Susana Meza Graham.As Andras Vajlok is also a director of Jumpgate and the agreement is considered a related party transaction, the agreement will be subject to approval by an extra general meeting.Jumpgate AB is an independent group of game development companies founded in 2011, comprising five game studios: Nukklear (Hannover), Tivola Games (Hamburg), gameXcite (Hamburg), Funatics (D\xfcsseldorf) and Tableflip Entertainment (Visby). The companies in the group have established collaborations with strong industry partners and exciting product portfolios with large potential. The group is engaged in the global market, distributing games on a worldwide basis and has a large international network.