Tag Archives: Ouya

KPCB, NVIDIA, Shasta Ventures, and Occam Partners Follow Successful OUYA Kickstarter Crowdfunding Campaign with Venture Capital Investments Bringing the Total of $15 Million in New Funding Raised

13 May

By Robert Hoskins

In a sign of thing to come for the infant Crowdfunding industry, video game startup OUYA announced $15 million in new venture capital funding led by Kleiner Perkins Caufield & Byers (KPCB), with participation from the Mayfield Fund, NVIDIA, Shasta Ventures, and Occam Partners. The company intends to use the additional funding to support OUYA’s growing game development community, and meet increased demand for the upcoming retail launch. KPCB General Partner Bing Gordon will join the company’s board of directors, which also includes Julie Uhrman , OUYA founder and CEO, and Roy Bahat , chairman of the Board.

KPCB, NVIDIA, Shasta Ventures, and Occam Partners Follow Successful #OUYA #Kickstarter Crowdfunding Campaign with Venture Capital Investments Bringing the New Total of $15 Million in New Funding Raised

KPCB, NVIDIA, Shasta Ventures, and Occam Partners Follow Successful #OUYA #Kickstarter Crowdfunding Campaign with Venture Capital Investments Bringing the New Total of $15 Million in New Funding Raised

OUYA’s vision for a new kind of game console, open to all game developers, was brought to life through the support of early backers who crowdfunded the initial product development on Kickstarter. The crowdfunding effort set Kickstarter records, and delivered $8.6 million – almost nine times the target raise – signaling strong consumer demand for the console.  Venture funding validates the business strategy.

“We want OUYA to be here for a long time to come,” said Uhrman.  “The message is clear: people want OUYA.  We first heard this from Kickstarter backers who provided more than $8 million to help us build OUYA, then from over 12,000 developers who have registered to make an OUYA game, next from retailers who are carrying OUYA online and soon on store shelves, and now from top pioneering investors.”

Before joining KPCB where Gordon is focused on digital investments, he was a long-time executive at Electronic Arts, beginning with EA’s founding in 1982 which had initial funding from KPCB. As an OUYA board member, Gordon will advise the company as it scales its development community and executes its retail strategy and product development plans. Gordon also serves on the board of directors of Amazon, Klout, Lockerz, MEVIO, Zazzle and Zynga.

“OUYA’s open source platform creates a new world of opportunity for established and emerging independent game creators and gamers alike,” said Gordon.  “There are some types of games that can only be experienced on a TV, and OUYA is squarely focused on bringing back the living room gaming experience. OUYA will allow game developers to unleash their most creative ideas and satisfy gamers craving a new kind of experience.”

OUYA’s appeal lies in its unique philosophy within the console market. On OUYA, every game is free to try, and any developer can publish a game. OUYA is powerful enough to run 3D games in beautiful 1080p HD with its NVIDIA Tegra-3 processor, and open enough to invite game developers to bring their most creative inventions back to the television. More than 12,000 game creators worldwide have registered to make an OUYA game, from AAA studios to new entrants, including Square Enix, Inc., Double Fine Productions, Tripwire Interactive, Vlambeer, Kim Swift ‘s Airtight Games, Mighty Rabbit Studios, nWay, Polytron Corporation, and many others.

OUYA is now shipping exclusively to early backers as part of a preview program.  On June 25th, OUYA will be available for purchase in the U.S., Canada, and the U.K. through retailers Amazon, Best Buy, GAME, GameStop, and Target, and on OUYA.tv for $99.99. Additional controllers will retail for $49.99.  Through these retailers, consumers can pre-order OUYA today.

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Early Growth Financial Services Adds Indiegogo Crowdfunding Platform and Niche Crowdfunding Companies to Growing Client Base

5 May

By Robert Hoskins

Early Growth Financial Services (EGFS) recently added to their growing client list such niche crowdfunding companies as Indiegogo and successfully crowdfunded companies such as OUYA.

EarlyGrowth Financial Services adds Indiegogo and OUYA as Crowdfunding Clients

EarlyGrowth Financial Services adds Indiegogo and OUYA as Crowdfunding Clients

“In addition to signing on these most recent crowdfunded clients, everyday I’m meeting with new potential clients who have received their first rounds of funding and now require financial expertise to help manage these new funds,” said David Ehrenberg, CEO of EGFS. “More and more of these companies are funded by crowdsourcing. One great example of the power of crowdfunding is our new client OUYA, an Android-powered gaming console, which achieved massive levels of success with their Kickstarter campaign, raising $8.5 million. This isn’t something you would have seen back in 2008 when I first started EGFS. Now the capital is flowing directly to companies that need and deserve funding.”

According to Scott Jordan, of S. Jordan & Associates (SJA), a life sciences investment banking and business development consultancy, “Crowdfunding works by democratizing the flow of capital to promising start-ups; meaning investors of means (accredited investors) have the opportunity to participate in an asset class that was previously limited, and have the opportunity to diversify their holdings in this asset class as part of their overall asset allocation to minimize risk.”

Where crowdfunding has really taken off is within niche markets, as EGFS can attest. Says Ehrenberg, “We’re definitely seeing more niche crowdfunding companies. EGFS is proud to announce our support of Indiegogo, the leading international crowdfunding platform, which has successfully helped entrepreneurs raise millions of dollars for thousands of campaigns worldwide. And I’m meeting with more niche crowdfunding companies every day who have been inspired to take crowdfunding to the next level within their sector.”

Health Tech Hatch is one such niche crowdfunding company that proves there is a real opportunity in targeted crowdfunding platforms. Pat Salber, Founder and CEO of Health Tech Hatch, believes that there is an important “role for specialized sites, like Health Tech Hatch, that focus on one sector” (in their case, early-stage innovations in health care) because they “know the industry, can better evaluate the prospects of an innovation, and have a large network of industry connections.”

As EGFS continues to sign-on clients who’ve benefited from crowdfunding, in Ehrenberg’s opinion, we’ve only just begun to see the power of crowdfunding. “I believe we will continue to see innovation within this movement,” says Ehrenberg. “Crowdfunding is putting the power in the hands of the people and helping to launch companies that may not have traditionally received funding. It’s an exciting time for entrepreneurs and an exciting time for EGFS. Professional services are the beneficiaries of the crowdfunding movement as much as the funded companies themselves.”

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Torment Closes as the Best Crowdfunding Game in Kickstarter History

7 Apr

By Paul Tassi

Forbes – I realize that saying something is the “most something” in Kickstarter history isn’t all that impressive given how young the service is, but what Torment: Tides of Numenera has achieved is definitely worth highlighting.

Torment: Tides of Numenera raises more than $4.1 million on Kickstarter

Torment: Tides of Numenera raises more than $4.1 million on Kickstarter

We’ve been following the project for a while now, and the funds just kept pouring in as Torment beat the Ouya in the race to a million dollars in donations. I mean “pledges,” or “commitments” or whatever we’re calling it when you give money to Kickstarters these days.

So what’s the final total? After meeting its $900,000 goal in under 24 hours, the Kickstarter has ended its run with $4,188,927 in donations, more than 450% of its goal.

This makes it the most funded game of all time, and the second most funded gaming-related project on the site besides the Ouya itself which ended up raking in $8.5M in donations. I mean pledges.

Read more…

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