Crowdfunding site Fig launched by Double Fine, Obsidian and inXile heads - MCV

Crowdfunding site Fig launched by Double Fine, Obsidian and inXile heads

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Former Double Fine COO Justin Bailey has teamed up with industry veterans Brian Fargo, Feargus Urquhart and Tim Schafer to launch Fig – a crowdfunding platform with investment options for backers.

Funded by venture capital firm Spark Capital, Fig will focus solely on video game projects. The platform aims to offer new reward-based crowdfunding avenues, a more curated experience for devs, and help over the entire life cycle of a game.

IGF Grand Prize winner Outer Wilds is the first project to run a campaign on the new service. The game currently has earned just under $60,000 of its $125,000 goal from 230 supporters and 30 days left.

Additionally, accredited investors can engage in investment crowdfunding, allowing them to see a potential return on projects they back. Fig hopes to open similar investment opportunities to all users at some point in the future.

Polygon further reports that Kickstarter has responded to Fig's investment option announcements, with the company stating it has no plans to adjust its Terms & Conditions to cater to equity crowdfunding.

"Kickstarter has no plans to offer equity crowdfunding," a representative told the site. "Kickstarter's mission is to help bring creative projects to life, and we welcome more options for creators."

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