Industry venture capital firm Velo Partners has confirmed that it has invested in new ‘full-service’ games development studio Foxium.
The investment will see the Foxium management team join the RNG Foundry, an industry-specific accelerator launched by Velo Partners seeking to bring innovation and new operational disciplines to market.
Ashley Sandyford-Sykes, Programme Director at RNG Foundry: “Foxium has all the ingredients for a successful games studio and we look forward to building world-class casino games content for our distribution channels. Foxium illustrates the ability for dynamic, forward-thinking studio that responds to market needs.”
Led by Swedish entrepreneur Åke André (CEO & Founder), Foxium’s studio develops high-definition multi-vertical content for igaming/betting operators.
One of the newer industry games developer (founded 2014), Foxium content is currently live on bet365, Leo Vegas, Mr Green, Betsson, Bet Victor and ComeOn online casino portfolios.
Åke André, CEO at Foxium, commented on the funding round: “I am really delighted that we have inked this deal with Velo Partners and the RNG Foundry. Foxium has in the past been approached by several investors but for one reason or another it has never felt right. With Velo Partners, we felt for the first time we had an investor that had the same values, culture and vision as we do. Through Velo Partners and the RNG Foundry, we are able to strengthen our company in some critical areas, specifically speed to market and distribution of our games. I have great respect for the team at Velo Partners and RNG Foundry. It will be a pleasure having them on board as we take Foxium to the next level.”
Source: SBC News
