Oxford Capital leads $5m round for Outplay

The capital will enable Outplay to add to its team and to develop new titles.

Existing backers Pentech Ventures and Scottish Investment Bank also took part in the round.

Oxford Capital stated it had been actively seeking investment opportunities in the mobile gaming segment. It was attracted to Outplay by the company's management team and by the commercial success of its existing games.

The VC's contribution to the round was drawn from the Oxford Gateway Portfolio fund.

Earlier this month, Oxford Capital led a £4.75m investment in Intent HQ, a London-based provider of social data analysis for online marketing and advertising purposes.

Company
Dundee-based Outplay is a developer of free-to-play mobile games for the Android and iOS operating systems. The company was founded in 2011 and its titles to date include Bubble Blaze and Monster Legacy. Its games, which are free to play, allow users to make in-app purchases of virtual goods.

People
Martyn Holman is an investment director at Oxford Capital and will take a seat on the board. Douglas Hare is co-founder and CEO at Outplay and Richard Hare is the company's president and co-founder.

Advisers
Equity – FSP (Legal).
Company – Vialex (Legal).

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