Transcend Fund Secures $60m

Transcend Fund Secures $60m

Business

15 November 2023 13:44

In its second funding round, Transcend Fund secured nearly $60m. The company currently has $150m in assets. The fund will focus on early-stage companies. The fund aims to invest in early-stage gaming companies.

Transcend Fund's Bergel stated “We are very cognizant of the current moment in time and how difficult it is to get anything done when things are so tight. And interest rates are where they are and that has knock-on effects. That said, we speak a lot with investment bankers about the current market for M&A. It has been hot and it has cooled a bit, but that always happens. We still see the road ahead as going up.”

Tags: Transcend Fund

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Transcend Fund Secures $60m

Business

15 November 2023 13:44

Tags: Transcend Fund

In its second funding round, Transcend Fund secured nearly $60m. The company currently has $150m in assets. The fund will focus on early-stage companies. The fund aims to invest in early-stage gaming companies.

Transcend Fund's Bergel stated “We are very cognizant of the current moment in time and how difficult it is to get anything done when things are so tight. And interest rates are where they are and that has knock-on effects. That said, we speak a lot with investment bankers about the current market for M&A. It has been hot and it has cooled a bit, but that always happens. We still see the road ahead as going up.”

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

Business

May 02, 2025

GTA 6 Delayed Again

Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....

Business

May 02, 2025

EA to Lay off 300-400 Employees

Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...

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May 01, 2025

Ubisoft Cornered

Ubisoft has issued a response following a formal privacy complaint filed against the company by NOYB – the European Center...

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Apr 30, 2025