Funds sought by Dundee firm
Games developer seeks £1.5m ahead of launch
Digital Sports Arena is developing a mobile football management simulator called Gameday Live,
Up to £1m is being sought from investors such as specialist industry backers, private equity firms and wealthy individuals and the rest through the crowdfunding platform Growthdeck.
DSA has already secured initial seed funding of more than £580,000 through a deal led by the EOS Technology Investment Syndicate This enabled the team to pursue a “soft launch” in Australia, Canada and the Netherlands.
Stuart Anderson, lead engineer and head of design at DSA, said: “Football management simulation games have been around for more than 30 years now, but we strongly believe there’s an opportunity for an alternative but complementary product to be successful in this market.”
DSA has strengthened its board with the appointment of Sean Tracey – the former chief executive of five-a-side football pitch operator Powerleague – as chairman.
Derek Bond (pictured), head of regional development at Growthdeck, said: “DSA is based in Dundee, the birthplace of the Scottish games industry, and the source of some of the world’s biggest titles, including Lemmings and Grand Theft Auto, so DSA is in good company.”
> Scottish Investment Bank (SIB) has injected £2.75m into Edinburgh-based LendingCrowd in its first move into alternative finance. The agreement will allow businesses to access loans of between £5,000 and £250,000.
Kerry Sharp, head of SIB, said: “We are increasing the diversity of finance provision in Scotland, and this new initiative with LendingCrowd is the first example of how we are opening up innovative sources of alternative funding to Scottish SMEs.”
Photo by Terry Murden