NBIF Backs TurboPlay with $200K
Summary
TurboPlay, a Fredericton company building a customized marketplace for indie games, has raised $200,000 from the New Brunswick Innovation Foundation as part of an initial funding round. “TurboPlay has also attracted a significant number of angel investors to its seed round, a further validation of the quality of the company’s team and its business model.” Despite its popularity, the current indie game market is plagued with problems for both developers and gamers. It can handle micro-transactions within each game, and gamers can pay for services using legitimate tokens, credit cards or PayPal. It will use the proceeds from the seed round to hire additional developers and customer support staff, as well as for enhanced sales and marketing efforts. The company was founded in 2018 by CEO and co-CTO Vince McMullin, COO John Nguyen, co-CTO Royal O’Brien and CMO Lisa Weeks.