V2 Games Inc., a Canadian video game ventures firm, today announced that it has entered into a strategic partnership with Kung Fu Factory, a Los Angeles based independent game developer. As part of the partnership, V2 Games has made a strategic investment in Kung Fu Factory to support the launch of their upcoming Free-2-Play mobile titles.
This will be one of the first investments from V2 Games’ recently announced Future Fund - a new $10 million seed fund for strategic investments into the fast-growing video game vertical. The fund targets game ventures, esports, as well as startups that have a strong use-case for leveraging Blockchain within the gaming ecosystem.
“This is a fantastic mix of a very competent team, an extremely robust and exciting technology stack, and leadership that knows and plays to their focus,” said Sam Chandola, CEO of V2 Games. “We are very happy to be able to support Kung Fu Factory bring their games to market.”
Kung Fu Factory boasts a team of industry veterans with incredible IP experience and a track record in top tier mobile game development. The company has had five #1 Games on the App Store, including 2 Editors Choice titles.
“Coming off the success of WWE Champions, we are very proud to have partnered with the supportive and knowledgeable team at V2 Games and Ludare Games Group,” said Daryl Pitts, President of Kung Fu Factory. “The extra resources they provide will help us leverage our technology to really scale our game publishing business.”
Match-3 RPGs, a gaming genre which Kung Fu Factory specializes in, has proved to be a strong foundation for long-lasting, commercially profitable games, with some Match-3 RPGs such as Marvel Puzzle Quest grossing over $100 million in less than 4 years. As part of the strategic partnership, Ludare Games Group - a related entity to V2 Games - will provide operational support to Kung Fu Factory to assist them in self-publishing and scaling their mobile games titles.
About V2 Games Inc.
V2 Games was founded in 2014 as a game production studio. Following the success of titles such as PAC-MAN Bounce, the company leveraged its experience to become a strategic venture fund for gaming projects. With an executive team that has experience in both the corporate business of games as well as hands-on video game development and distribution, V2 Games acts as a bridge between professional investors and the vast, rapid-growing opportunities in the $100 Billion gaming market.
About Kung Fu Factory
Kung Fu Factory has been behind a number of successful mobile games including the Adventure Time: Card Wars Series, SpongeBob Moves In, Teenage Mutant Ninja Turtles: Rooftop Run, and most recently the company developed WWE Champions, a top a grossing mobile F2P game created in partnership with Scopely and WWE.
About Ludare Games Group
Ludare Games Group is a consortium of entrepreneurs that operate a network of ventures in the games ecosystem. The Group’s mission is to provide operational support for talented game teams and strategic ventures to maximize success. By bringing in diverse expertise, a wide network, and vast experience in the games ecosystem, Ludare helps game entrepreneurs build great products and company value. Ludare is proud to support talented teams, including PiiK Games, Nyan Co, and Kung Fu Factory.