GameInvestors.com, founded by videogame legend and entrepreneur David Perry, today announces its first multi-million dollar investment deal, securing investment by Mayfield, a leading venture capital firm, into Massively Multiplayer Video Game publisher, Acclaim Games, Inc.
GameInvestors.com announces successful multi-million dollar investment into Acclaim Games, Inc.
October 16, 2007. Los Angeles, USA. GameInvestors.com, founded by videogame legend and entrepreneur David Perry, today announces its first multi-million dollar investment deal, securing investment by Mayfield, a leading venture capital firm, into Massively Multiplayer Video Game publisher, Acclaim Games, Inc.
David Perry, CEO of www.GameInvestors.com commented, "Analysts have been calling us from around the world, very focused on this sector of the market. Acclaim was perfectly positioned in the game space, being entirely focused online, delivering micro-transactions, pre-paid cards, digital distribution, massive audiences, in-game advertising, user-generated content, and with a portfolio of games for both Casual & Core demographics."
"GameInvestors has been a great resource for Acclaim´s financing needs. They have advised us on our transaction and provided the right leadership for us to complete the Mayfield investment," says Howard Marks, CEO of Acclaim Games, Inc.
Raj Kapoor, Managing Director of Mayfield Fund stated, "In addition to being one of the most exciting and disruptive game companies we´ve seen, Acclaim has already established itself as an early leader in online games with millions of users resulting from the expertise of Howard Marks, Neil Malhotra, and help from David Perry and Game Investors."
www.GameInvestors.com was formed early in 2007 by a team of video game professionals with one simple goal to create the premier video game funding portal in the world. GameInvestors provides a single marketplace designed exclusively for all investors/publishers and developers to do business, offering services to help get game projects of all sizes and genres funded through direct funding, investment, bond financing, micro-lending and micro-financing. Somewhat like Elevation Partners GameInvestors is also building two managed funds for investing directly into projects or video game companies. To further support the companies doing business in the portal, GameInvestors also tracks all game studios, projects, services, consultants, grants, licenses & tax incentives and is working on added services for its official launch next year.
www.GameInvestors.com officially launches its innovative service in Spring, 2008. Pre-Launch sign-ups are now being accepted.
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Mayfield Fund provides "venture capital with impact" by partnering with exceptional individuals to create industry-leading companies. Our investment sectors include communications/wireless, consumer/media, enterprise software and semiconductors. We have over ?2.7 billion under management and a team of twelve investing professionals. Since our founding in 1969, we have raised 12 funds, invested in more than 470 high-growth companies, taken more than 100 public, and more than 150 have merged or were acquired.
We offer entrepreneurs a team of partners with operating experience and results-driven venture capital expertise virtually unmatched in the industry. We´ve learned over the last four decades that unless you constantly adapt - you will die. That is why our firm has a flexible approach and encourages its portfolio companies to adapt to the latest changes whether it?s regarding globalization or the newest industry standards. We?re used to the pace, especially realizing the importance of iteration. In fact, our vision, curiosity, financial strength and commitment helped build Silicon Valley. www.mayfield.com
About David Perry
David Perry, a leading figure in the video games industry, has developed 32 games - totaling 88 individual retail titles across 23 video game platforms. His most recent games, based on The Matrix franchise, sold over ?300M, and in total his games have generated around a billion dollars in retail sales.
Since leaving Shiny/Atari in Feb´06 he has become involved in the production of several MMO´s, managing large teams in China and Korea; formed GameInvestors.com and GameConsultants.com (a company to give access to the highest level talent in the industry.) www.dperry.com
Based in Beverly Hills, California, Acclaim Games is a revolutionary company with over 1 million registered players worldwide. CEO Howard Marks, a cofounder of Activision, has established Acclaim as one of America´s top online game brands. Today, Acclaim Games offers only the finest online games with a focus on accessibility, playability and most importantly fun. Acclaim´s free massively multiplayer games include BOTS!! (futuristic robot fighting action game), 9Dragons (Martial Arts MMORPG), 2Moons (Extreme Action MMORPG), DANCE! Online (hit music dancing game), and Top Secret (a fan developed online game). To learn more, please visit www.acclaim.com.