Buzz Capital is delighted to announce the successful completion of a second-round £500k equity raise for video games studio Dream Harvest and video games publisher Fundamentally Games.
Premiere Capital led the investment round, with support from the team at Buzz Capital.
The raise comes after trade body UK Interactive Entertainment (Ukie), in it’s annual UK Consumer Games Market Valuation, announced that the UK market for video games reached a record £7bn in 2020, an increase of +29.9% from 2019, beating 2018’s previous record by more than a billion pounds.
“Buzz Capital has again demonstrated its commitment to start-ups and the business sector through helping these exciting companies find the investment they need to scale. The games sector is one of the few industries to have made huge gains during Covid as more and more people embraced video games during the various lockdowns to pass the time and remain connected to friends and family. It’s an ambition we will continue building on over the coming months.” – Adam Betteridge, COO at Buzz Capital
Buzz Capital seeks to support businesses across a range of sectors by providing, simple and straightforward finance solutions. The team has many years of experience structuring bespoke financing arrangements, such as cash flowing facilities secured against tax credits and other receivables across all the creative industries, including film, video games, animation, theatre, as well as for research & development and property development.
The first of the two investee companies, Dream Harvest, is an award-winning game studio building games that combine rich, deep narrative experiences and expansive, diverse worlds for players to get lost in with mechanics that drive genres in new directions.
“We’re thankful for the continued support from the team at Premiere and Buzz Capital who have been long term partners of Dream Harvest and who believe in the long-term vision we have for the studio; Building worlds filled with amazing characters and stories, told through games that push genres in new, bold directions and doing this with a community centric approach” – Justin French, CEO at Dream Harvest
The second investee, Fundamentally Games, is a video games publisher focused on living games. They offer LiveOps + Publishing + UA. Fundamentally Games started trading in 2019 and is run by Ella Romanos & Oscar Clark, who have industry experience spanning over 33 years.
“We’re thrilled that Buzz and Premiere have doubled down on its support of Fundamentally Games at these early stages of our journey, not only through our recent UA funding partnership for games we publish, but also now a second equity raise. We’ve made good progress over the last year and having a partner who believes in us and who is on that journey with us is something that any company would be lucky to have and demonstrates their commitment not just to us, but to the UK games industry too.” – Ella Romanos from Fundamentally Games