Gajatri Studios Receives Financing For Social Yoga Game
Gajatri Studios Ltd. announced it has received product financing for its social yoga game project from Mediatonic. Gajatri Studios is a new game studio based in Helsinki, that develops casual and social well-being games. Gajatri Studios Founder and CEO, Tiina Zilliacus writes on their development blog that the thinking behind the project comes from people's desire to play online social games especially when stressed out or after a hard day's work. Instead of purely virtual gameplay, Zilliacus sees value in incoproating real well-being elements into the gameplay. The number of Facebook players is expected to rise this year to 300 million, of whom more than 60% are women.
Recoil Games Launches Rochard For PlayStation Network
Back in June, we wrote about Recoil Games receiving 400 000 euros in funding from Mediatonic. Last week, the results of their work are starting to show. Recoil Games released Rochard for Sony and their PlayStation Network. The game is a side-scrolling puzzle and exploration game that stars a space miner called John Rochard in search for extra-terrestrial life. The game features about 8 to 9 hours of game play.
Mediatonic Invests 300k€ Into Housemarque's Upcoming Game
Mediatonic, the "revenue based investor" from Finland, has made a 300 000 euro investment into Housemarque's upcoming game. Mediatonic invests in a project oriented way, meaning they do not take any equity from the company, but only invest in the hope of retaining a share of the future revenues against the investment.
Mediatonic Invests Into Nitro Games
Mediatonic, a new Finnish based fund, has invested into Nitro Games. Nitro Games is a Finnish gaming house that has created games such as Raven's Cry and East India Company. The games fall into the strategy genre and made for the PC. The investment size was not disclosed. Mediatonic won't become a share holder of the company as it invests into the revenue share of future income thus making it an attractive investor for entrepreneurs.
Mediatonic Fund I Starts Financing Games and Media Products
Mediatonic Management has closed a 5 million euro fund that will begin to finance games and media products from Finland. The fund has been set up by investments from Fennia insurance, Henki-Fennia insurance as well as the Sonera Pension fund. People behind the fund include Tanu-Matti Tuominen and Marko Tulonen.
The fund is a project and catalog fund that will invest in commercial games, television formats and web services. The fund does not invest into the companies in the manner a venture capitalist would invest, but into the rights of the products and services sold. Therefore the fund's business model is to take a commission from cash flows generated by the products and services sold.
