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The Rokit Group of Corporations has launched Rokit Video games, a $50 million recreation growth fund, to assist impartial builders of cell and console video games.

Rokit, which makes smartphones, will act as each an angel investor and hole investor for startup recreation builders in return for fairness. The Los Angeles firm is encouraging builders to ship pitches in hopes of getting as much as $500,000 investments for his or her video games.

Rokit founders Jonathan Kendrick and John-Paul Dejoria, two serial entrepreneurs, created the fund to assist foster rising expertise within the gaming business. The fund has already invested in United Kingdom-based gaming firm Ddraig Home Video games Studio, creators of Lunafon. Rokit sees an enormous alternative to assist expertise and discover the subsequent gaming phenomenon.

Above: Lunafon

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Picture Credit score: Rokit

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Rokit has created a variety committee, comprised of recreation business leaders and builders who shall be establishing a collection of pitchfests, assembly builders, and choosing essentially the most related and excellent video games to spend money on.

“I’ve at all times been very within the gaming business,” stated Kendrick, in an announcement. “with these investments we will actually assist some thrilling expertise convey their video games to life and discover the subsequent nice recreation.”

Business veteran Jeremie Benhamou, who labored on video games together with Name of Responsibility and Murderer’s Creed, will lead the funding fund.

Along with offering monetary assist. Rokit stated it is ready to present a platform for any cell video games on the corporate’s vary of smartphones. The video games shall be uploaded onto the handsets and shall be promoted by way of Rokit’s content material community.

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