Altered Ventures to Support independent development studios

A new capital fund has been launched by Altered Ventures to support independent development studios throughout the world. Altered Ventures is planning to invest USD $36 million in new development projects with a special focus on emerging markets.

“I like to think of Altered Ventures as an industry ‘Dream Team’, as it was founded by people with more than 20 years of experience making, producing and publishing videogames, as well as having a really strong and experienced Venture Capital core team,” said Mario Valle-Reyes, co-founder and Managing Partner of Altered Ventures. “Our investment thesis is fair to developers and very concrete, since we provide real cash-flow for development and marketing. It’s also very attractive to investors, because they don’t need to wait 5 to 8 years to see their returns as with traditional venture capital.”