Video game industry veteran Peter Leahy has started a venture capital firm and is raising $20 million to invest in creative properties including video games, toys, TV shows and graphic novels.
According to Venture Wire, Incubation Venture Partners LLC will be the venture capital arm of Incubate Group Corp., which itself is an incubator for new media companies. Leahy is CEO of Incubate Group Corp. in San Francisco.
The fund will be called Azcatl Seed Capital Fund I and is expected to close April 1. For more information, go to www.incubategroup.com.
3 Comments
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Slipstream BRO said:
This sounds like a great idea, but their website could really use some work. With what they’re trying to accomplish a more modern looking website would serve them better, in my opinion. Their logo is great, but with the crayon strokes and choppy flash the site looks unappealing. However, their goals and mission are great for the industry.
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Peter Leahy said:
As we’re funding a number of childrens related properties — we went for a slightly more fun style for IncubateGroup.com. It was a choice to show some personality for the team here.
If you want more button down look — please check out the link to the Fund Management entity itself - Incubation Venture Partners @ incubationpartners.com. Site will be updated shortly as our ninja lawyers are finishing reviewing the descriptive text with the SEC gods.
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NeedVentureCapital said:
Video games are hot and good luck to them making money from that…
Personally, I preffer my own kid reading books and playing her phantasy games - better for the ‘ol brain!
3 Trackbacks
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Peter Leahy » Blog Archive » VentureBeat, PEHub, VentureWire Cover Azcatl Accouncement said:
[...] VentureBeat.com carried a blurb on the announcement as well by Dean Takahasi who joined them after years of great writing at the San Jose Mercury News and after writing two indepth books on the development of the Xbox. [...]
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[...] Peter Leahy starts venture capital firm for videos games/entertainment. VentureBeat reports that Peter Leahy, video game industry veteran, has started a venture capital firm and is raising $20 million to invest in creative properties including video games, toys, TV shows and graphic novels. Incubation Venture Partners LLC will be the venture capital arm of Incubate Group Corp., which itself is an incubator for new media companies. Leahy is CEO of Incubate Group Corp. in San Francisco. Source:VentureBeat [...]
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GCube Ventures to invest in game companies at all stages » VentureBeat said:
[...] Akmal noted there are a lot of game entrepreneurs. It will also have an office in San Francisco. Peter Leahy has also started a game incubation company in San Francisco. But Akmal and Ansari said the sector has been ignored by the venture [...]