Seven months after its original investment into games developer Foxium, Velo Partners has demonstrated further commitment to the company by exercising their option to increase its investment, in order to support the company’s growth as it builds out its portfolio of games.
Evan Hoff, Director of Velo Partners: “Foxium is exactly the type of team we are excited about, producing premium and market-relevant content and we look forward to supporting them in their growth”.
With offices in Estonia and Sweden, Foxium is a full-service game development studio with “a reputation for feature rich, premium slots games”. The company has produced a number of online titles, such as The Lost Riches of Amazon, Vampire:The Masquerade™ – Las Vegas, Adelia The Fortune Wielder and will soon be releasing the Astro Legends:Lyra and Erion.
Åke André, CEO at Foxium, said he was happy with deal and that “together we see great potential in our studio.”
RNG Foundry is a gaming accelerator launched in association with Velo Partners, . The accelerator aims to work with, and fund, entrepreneurial talent in the gaming industry, providing a blend of equity investment capital, technical resources, and distribution opportunities.
Mark McGinley, Program Director at RNG Foundry: “Our objective is to source and invest in highly ambitious, talented and creative game studios. Foxium embody all those key principles. Foxium are a flagship RNG studio and one we hold in very high regard. We foresee a very bright future for Foxium and look forward to watching them grow”.