Thursday May 13, 2010 - Gateshead, UK - Eutechnyx, one of the world's leading independent videogame developers, has secured a£6 Million investment led by Amsterdam-based venture capital outfit Prime Technology Ventures, who specialise in investing in innovative technology-driven companies.
The£6 Million will help finalize the development of a ground-breaking new title set to revolutionize the racing genre, as well as enable Eutechnyx to develop its forthcoming free-to-play infrastructure as the firm expands into the world of casual online games.
"When we saw what Eutechnyx was working on, we knew we had to be involved, particularly given Eutechnyx's track record, design heritage and jaw-dropping technology," said Monish Suri, General Partner at Prime Technology Ventures. "We only invest in the best, so we're incredibly excited to be able to play a role in the creation of projects that will drive the future of videogames."
"We're thrilled to have secured this investment headed up by Europe's most successful technology VC," adds Brian Jobling, CEO, Eutechnyx. "As an independent developer, this infusion will help us to continue to forge our own destiny within a rapidly changing games industry. Not only does the investment enable us to continue to innovate, we can continue to do so on our own terms."
Eutechnyx is one of the largest independent developers in the world, with studios in three continents. Founded in 1987 and headed up by brothers Brian and Darren Jobling, the company now employ over 160 individuals - and its games consistently rank among the most popular in the world.
2010 will prove to be a landmark year in Eutechnyx's 23-year history. The firm will be announcing specific details on the project soon, along with other new titles - including a significant new licensed game that will be announced this June.
Eutechnyx is the world's leading independent driving game developer. With a history spanning over 23 years, the studio has won numerous awards for its million-plus selling titles and garnered exceptional acclaim in the business sector. As well as its headquarters in the UK, the company has studios in Hong Kong, Chengdu and Pittsburgh, USA. For more information, please visit www.eutechnyx.com.
About Prime Technology Ventures
Prime Technology Ventures is a leading venture capital firm focusing on investing in European companies in the technology and related industries and leverages its capital, experience and network to actively guide them into global category leaders. The firm has invested in companies in the Benelux countries, United Kingdom, France, Finland and Sweden. From its offices in The Netherlands and the UK the independent partnership manages over 275 million euro in committed capital. For more information, please visit www.ptv.com.
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