informa
1 MIN READ
News

Lionhead Studios Receives Major Venture Capital Investment

Guildford, UK-based Lionhead Studios has announced what it describes as "a multi-million pound investment" from a consortium of three leading UK venture capital firms. ...
Guildford, UK-based Lionhead Studios has announced what it describes as "a multi-million pound investment" from a consortium of three leading UK venture capital firms. This major round of investment for the Peter Molyneux-headed developer, recently associated with Xbox title Fable, and currently working on projects including Black & White 2 and The Movies, was led by Ingenious Ventures and IDG VE and included technology specialist Add Partners. This move is particularly interesting, considering that venture capital firms have traditionally been leery of game development, seeing the hit-driven games industry as inherently 'risky'. Recent U.S. venture capital deals have generally occurred in relation to mobile gaming publishers (where an 'explosion' of possible profits is expected), and some MMO creators such as Turbine Software and Perpetual Entertainment (where monthly subscription fees allegedly ameliorate risk). Nonetheless, VC companies such as Ingenious Ventures, previous investors in properties such as Simon Fuller's 19 Group (pop music managers and creators of Pop Idol and American Idol) have obviously decided that the renowned Molyneux, original founder of Populous creators Bullfrog Software, is a good bet, with Antony Fraser of Ingenious Ventures commenting: "The games produced by Peter Molyneux and his team already captivate huge numbers of people around the world and we hope that, now Lionhead is producing games for consoles, there will be many more gamers who can enjoy them."

Latest Jobs

Xbox Game Studios

Redmond, Washington
10.5.22
Technical Lighting Artist

Innogames

Hamburg, Germany
10.5.22
Game Designer - Elvenar

Bandai Namco Mobile

Barcelona, Spain
10.5.22
Principal 3D Animator

Cryptic Studios

Los Gatos, California
10.5.22
Staff Core Software Engineer
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more