New Fund Established To Finance UK-Based Game Developers
Noble Fund Managers Ltd, an investment bank in the UK, announced that it is creating a £25m ($35 million) fund called "Fund4Games" to finance development of console and PC games in Britai
NFM, which is a division of of UK-based investment bank Noble Group, said its fund will fund projects on a case-by-case basis -- essentially a venture capital fund. The fund will back relatively small games in the $365,600-$1.5 million range.
NFM says that investors will be at less risk than with a traditional venture investment, since returns will be made as each game is completed and hits store shelves.
Contact information for NFM is at http://www.uasail.com/html/map/contact.htm.
