Altered Ventures has established a new $36 million venture capital fund to help indie game developers find their feet in emerging markets.\u00a0<\/p>\n
Created in partnership with venture capital outfits Mountain Nazca and Streamline Media Group, Altered Ventures has offices in Silicon Valley, Mexico City, and Kuala Lumpur<\/p>\n
The company is offering indie developers every single cent they need to both develop and publish their title\u00a0in exchange for a revenue share from the project’s top-line.\u00a0<\/p>\n
It currently has around $36 million to invest “in new development projects with a special focus on emerging markets.”<\/p>\n
“Our investment thesis is fair to developers and very concrete, since we provide real cash-flow for development and marketing,” explained company\u00a0co-founder,\u00a0Mario Valle-Reyes, in a press release.<\/p>\n
“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.”<\/p>\n