Game developers from Middlesbrough have secured a five figure investment from the Finance for Business North East Angel Fund, to power the creation of their sci-fi shooter game.
Game Tonic Interactive Ltd, based out of premises at Teesside University, have gained the financial backing through fund managers Rivers Capital Partners.
The investment will be used to hire staff and drive development of its key PC title ‘Galaxodus’ - a single and multiplayer game set far in the future.
Comprising director and designer Phil Ward, director and programmer Calum Haigh and artist James Ridley, the firm is keen to involve players in the games they build.
Game Tonic go to players for feedback and constructive criticism of their games, throughout the development process.
The business was founded in 2013 by a group of friends who met through Teesside University and the Digital City Project.
Phillip Ward, director of Game Tonic Interactive Ltd, said: “Our company aims to provide a challenge to the large game studios that dominate the industry, which is why we listen so closely to what our customers are saying.
“It’s also why we hire students to help us through development – we provide a bridge that helps them get one foot planted in the gaming industry. With the funding and advice provided by Rivers Capital, we firmly believe that Galaxodus is going to be a big hit.”
Dr Michael Dickens, who headed the investment team at Rivers Capital Partners, added: “Game Tonic combine hard work and expertise with a genuine love for what they do; their passion to create a product that is not only satisfies, but exceeds, what their customers demand is testament to that.
“They are exactly the kind of team we look for when investing from the North East Angel Fund.”
Game Tonic’s other titles include tower defence game Cubism and high-speed infinite runner game Boxeltron.
The Finance for Business North East Angel Fund is a £7.5m component of the wider, £125m Finance for Business North East Fund.
As a seed fund investing in start-up and existing companies and is typically invests between £50,000 and £150,000.