Creative Venture Partners has announced an investment in the TNWA Group, a developer of an online multiplayer gaming platform that has made its functionality and platform available through the
Creative Venture Partners has announced an investment in the TNWA Group, a developer of an online multiplayer gaming platform that has made its functionality and platform available through the newly launched online community gaming arena devotii.
TNWA’s developments include Prizefight, the first gaming for cash prizes service, as well as ground-breaking anti-cheat software for its service, online team management software and a scaleable online tournament system, all of which are incorporated exclusively in the company’s own products.
With the support of Creative Ventures, TNWA has just acquired Enemy Down, which it described as the premier destination for Europe’s competitive PC gamers. The acquisition makes TNWA the largest tournament gaming community in the UK and one of the top three in Europe.
‘We are extremely positive about the growth potential of the online multiplayer gaming sector, and TNWA’s role in that growth, as it becomes an increasingly common form of entertainment worldwide,’ says Spyro Korsanos, managing principal of Creative Ventures.
‘Companies from Microsoft to News Corp are pursuing the spaces of social networking and supporting gaming communities. TNWA are hosting growing communities of gamers and providing them with everything they need to play and communicate quickly and easily in one place.
‘TNWA has a very talented, dedicated management team with significant experience from the PC gaming industry. They have built a world-class, scalable platform that can operate across multiple titles from the top games’ publishers, such as Electronic Arts.
‘In addition, the user features and anti-cheat systems they have built for devotii – which they will now bring to EnemyDown – are leading-edge technology, ahead of anything currently available. The scalability of their platform makes them very interesting to games publishers who want to access a fast-growing global gaming community.’
TNWA chief executive Paul Sulyok says: ‘Creative Ventures has brought more than capital to TNWA. From due diligence, they’ve been very directly involved in supporting the business with professional and strategic management support. Decision-making is effective and has already enabled swift action, as we have done on EnemyDown.’
‘Their innovative model of supporting small media, tech sector companies fills an underserved gap beyond family and friends, by combining capital with their industry expertise.’
The Creative Ventures Group provides capital as well as corporate management and strategic advisory support primarily to entrepreneurs in the media, information, communications and technology segment, focusing on companies with capital requirements below GBP2m.
Founded in 2006, Creative Ventures uses a co-investment structure designed to optimise performance by aligning interests with investors, drawing on a team of specialist professionals to assist smaller enterprises and securing tax benefits for investors.
