Inflexion Point launches $15m Japan-focused game fund
Singapore venture capital firm Inflexion Point Capital (IPC), has launched a $15 million fund to focus on investments in Japan's mobile gaming start-ups.
The fund will be advised by Keiji Inafune, a former developer with Japanesse gaming giant Capcom and founder of game developer Comcept, and will make investments of $100,000 and $500,000 per start-up.
"As a company, we aim to combine the best elements of a business incubator, a venture capital fund, and a traditional publisher in order to invest in and support the growth of start-up video game studios," Alexander de Giorgio, chief operating officer of IPC, told Tech in Asia. "In essence, we replicate the role of a publisher but provide significant additional benefits without handcuffing the developers with deeply unfavorable financial terms."
The Japanese mobile video game market is currently one of the largest and most profitable markets in the world. According to a recent report released by mobile app analytics firm App Annie, Japan overtook the US in terms of app store revenue as of October last year.
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