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July 20, 2012 10:30 am GMT
Hitfox, the Berlin and San Francisco-based games distributor founded by serial entrepreneurs Jan Beckers, Tim Koschella, Ruben Haas, Hanno Fichtner, along withTeam Europe, is venturing into the incubator space with the launch of HitFox Game Ventures. The new enterprise will stick to a tight vertical brief of investing in and acquiring startups in the video game sales and marketing space.Specifically, HitFox says it will offer seed money in the "six-figure" range, as well as applying its experience in game distribution, sharing the founders' own networks, and (presumably) resources. To that end, CEO Jan Beckers is talking up HiFox's team of 55 gaming, marketing and IT specialists that it's put together over the last 12 months. In other words, on the surface at least, it looks like a pretty hands-on and active incubator in the making, done German-style, dare I say. It aims to acquire or establish at least two businesses per year.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/f1cExBbr1TE/
From Startup To Incubator: Games Distributor HitFox Launches HitFox Game Ventures
Hitfox, the Berlin and San Francisco-based games distributor founded by serial entrepreneurs Jan Beckers, Tim Koschella, Ruben Haas, Hanno Fichtner, along withTeam Europe, is venturing into the incubator space with the launch of HitFox Game Ventures. The new enterprise will stick to a tight vertical brief of investing in and acquiring startups in the video game sales and marketing space.Specifically, HitFox says it will offer seed money in the "six-figure" range, as well as applying its experience in game distribution, sharing the founders' own networks, and (presumably) resources. To that end, CEO Jan Beckers is talking up HiFox's team of 55 gaming, marketing and IT specialists that it's put together over the last 12 months. In other words, on the surface at least, it looks like a pretty hands-on and active incubator in the making, done German-style, dare I say. It aims to acquire or establish at least two businesses per year.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/f1cExBbr1TE/
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