Newspaper article Manchester Evening News

Playdemic Gets Funding Boost ; It Gets Fund Investment to Develop Next Web releaseCompany Created Most Played Game on Facebook

Newspaper article Manchester Evening News

Playdemic Gets Funding Boost ; It Gets Fund Investment to Develop Next Web releaseCompany Created Most Played Game on Facebook

Article excerpt

THE firm behind a series of hit internet games has secured "substantial" investment to fund its next major release.

Wilmslow-based Playdemic has won the undisclosed cash injection from The North West Fund for Digital & Creative. The social game developer has already created popular titles Gourmet Ranch and Village Life, which is one of the most-played Facebook games.

Bosses of the NWFDG described the boost given to Playdemic as a "large venture capital investment".

It follows a similar equity investment by IBM heir David Watson. Playdemic was founded four years ago and is headed by chief executive Paul Gouge.

Manchester-born games industry guru Ian Livingstone is chairman of the firm. He co-founded retailers Games Workshop and is life president of Eidos, where as chairman he was instrumental in bringing to market leading titles like Lara Croft: Tomb Raider.

The NWFDG, managed by AXM Venture Capital, is part of the wider North West Fund. It is backed by Pounds 155m of European cash and aims to invest in - and loan to - small and medium-sized firms in the region with growth potential. …

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