Rokit launches $50 million indie sport improvement fund

The Rokit group of firms launched Rokit Video games, a $ 50 million sport improvement fund to assist impartial sport builders for video games and cell video games .

Rokit, a smartphone maker, will act each as an angel investor and a most popular investor for online game builders in return for equity. The Los Angeles firm is encouraging builders to pitch in hopes of elevating as much as $ 500,000 for his or her video games.

Jonathan Kendrick, founding father of Rokit, and John-Paul Dejoria, two serial entrepreneurs, created the fund to assist encourage new expertise within the online game business. The fund has already invested in UK-based gaming firm Ddraig Home Video games Studio, creator of Lunafone. Rokit sees an enormous alternative to assist expertise and discover the following sport phenomenon.

Above: Lunafon

Credit score: Rokit

Rokit has created a variety committee comprised of gaming business executives and builders who will host a collection of pitchfests, meet with builders and choose essentially the most related and excellent video games by which to speculate.

"I've at all times been very within the online game business," Kendrick mentioned in an announcement. "With these investments, we will actually assist some thrilling expertise to carry their video games to life and discover the following nice sport."

Business veteran Jeremie Benhamou, who has labored on video games starting from Name of Responsibility to Murderer's Creed, will lead the funding fund.

Along with offering monetary assist. Rokit mentioned to have the ability to present a platform for all cell video games, on the corporate's smartphone lineup. The video games can be downloaded to the handsets and can be promoted by way of Rokit's content material community.

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