Wednesday 1 st August 2012: Immediate Release
Tenshi Ventures announces that is has provided Production Finance to UK developer nDreams. The finance was specifically to support the development and release of Blueprint: Home for PlayStation Home in an innovative collaboration with nDreams.
Jonathan Newth, Partner at Tenshi Ventures, led the investment programme and commented “The Production Finance we have provided to nDreams for this project will, we hope, be a model for future content financing in the Games Industry. Blueprint: Home is already receiving great critical feedback and we are very proud to have been part of the team that helped nDreams realise their vision for player constructed apartments in PlayStation Home.”
Patrick O'Lunaigh, CEO of nDreams, says "Tenshi's Production Finance model helped us get Blueprint: Home into production substantially earlier than we would have been able to funding it from our cashflow. This allowed us to capitalise on an opportunity which we may otherwise have missed. Tenshi have been a great production partner, and working with them has been a pleasure.”
Tenshi Ventures is a privately managed investment and advisory group established by Jonathan Newth and Ian Baverstock in 2010. Tenshi Ventures specialising in the video games, web and interactive markets.
nDreams® is a growing digital games developer/publisher based in Farnborough, UK. They were set up at the start of 2007 by Patrick O'Luanaigh, the former Creative Director of Eidos, with a focus on quality and innovation. Since they were formed, nDreams has grown from a 1-person start up to a company with 25 full-time staff and annual revenues of more than £1 million. The last 12 months have seen nDreams build and develop one of the most successful free-to-play online console projects to date, Aurora, based in PlayStation®Home. The floating archipelago, which has a major update every few months, has already had over 1 million unique players, over 7 million visits and has generated significant revenues. As well as PlayStation Home, nDreams develop for Xbox Marketplace and are working on their first major tablet project.
For further information about Tenshi Ventures contact Ian Baverstock ( email@example.com).
For further information about nDreams contact Patrick O'Lunaigh