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Equity-based crowdfunding platform Gambitious launching next month

Equity-based crowdfunding platform Gambitious launching next month

February 14, 2012 | By Mike Rose

A new crowdfunding platform that focuses on the games industry is set to launch next month, with visitors able to invest in projects in exchange for an equity stake in the project.

The Gambitious equity-based crowdfunding platform hopes to attract both small and large investors to put money towards a variety of video game projects.

Visitors to the website can invest in any game project, and in return will receive an equity stake in it, allowing them to take a share of any profits that come as a result of the game's release.

The company has already signed with "a strong whitelabel partner" for the upcoming platform, and is working with various developers in the run up to the launch.

In a statement, Gambitious' MD Paul Hanraets cited Double Fine's Kickstarter success as proof that the crowdfunding model works for video games.

"When developers register their project at Gambitious, they are in full control," he explained. "They indicate how much capital is required to fund their project and determine how much equity they offer in return."

"For indie developers it was deemed almost impossible to raise capital for new or existing game projects," he continued. "The traditional publishers have seen their role dramatically change, and have grown hesitant if not reluctant in investing in new game franchises."

"Unfortunately there are few alternatives to this traditional funding model. There is a strong need for new and innovative structures to back indie game projects financially; now more than ever. And we believe Gambitious provides that structure."

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