SouthPeak Interactive raises $12.9 million for indie games
Video game publisher SouthPeak Interactive has raised $12.9 million in a PIPE (private investment in public equity) transaction to finance a wide variety of indie games for consoles and the personal computer.
The company stands out in that it has been able to raise money from venture capitalists to participate in the making of mainstream games for the PlayStation 3, Xbox 360 and the PC. To date, most venture funding has been for online games, casual… Continue Reading