Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 26, 2019
arrowPress Releases








If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Humble Bundle Backed By $4.7 Million In Venture Capital

Humble Bundle Backed By $4.7 Million In Venture Capital

April 22, 2011 | By Frank Cifaldi, Kris Graft

April 22, 2011 | By Frank Cifaldi, Kris Graft
Comments
    6 comments
More: Indie, Business/Marketing



A recent SEC filing has revealed that Humble Bundle -- the company that packages indie games together for charity -- has acquired $4.7 million in venture capital funding.

The funding round is led by Sequoia Capital, a reliable source has confirmed to Gamasutra. The VC firm has also funded gaming companies including Pocket Gems, GameGround and Unity Technologies.

Sequoia partner Alfred Lin is the only outside director listed in the SEC filing for the San Francisco-based Humble Bundle operation, CNN's Fortune noted in a report.

John Graham, co-founder of Humble Bundle and COO of Wolfire Games, did not immediately return request for further comment regarding details of the funding, and how it will be used.

Humble Bundle's business model as it stands relies on a pay what you want model. When purchasing a bundle of DRM-free games from the company, buyers set their own prices and determine exactly where those funds are allocated, be it to the game's original developers, charities, or the Humble Bundle itself.

According to its website, donations towards the Humble Bundle operation itself pay "for the bandwidth and development" of each promotion.

So far, Humble Bundle has launched three bundles since the initiatives introduction last year. Revenues for the first two bundles including all payments exceeded $2 million across both bundles. The third bundle, launched in mid-April, has passed 150,000 in unit sales and $700,000 in total payments.

Games included in Humble Bundles include titles such as Frozenbytes Trine, 2D Boys World of Goo, Jonathan Blows Braid and other notable indie titles.


Related Jobs

Camouflaj
Camouflaj — Bellevue, Washington, United States
[04.25.19]

QA Tester
Paradox Tectonic
Paradox Tectonic — Berkeley, California, United States
[04.25.19]

Senior PC/Console Graphics Programmer
Sanzaru Games Inc.
Sanzaru Games Inc. — Foster City , California, United States
[04.25.19]

Junior Gameplay Engineer
Embodied Inc.
Embodied Inc. — Pasadena, California, United States
[04.25.19]

Lead Quality Assurance Tester









Loading Comments

loader image