Foresight invests £5m in Steamforged Games

The fresh capital will be used to roll out Steamforged's pipeline of eight new games in the next 24 months.

Foresight also introduced Games Workshop co-founder Ian Livingstone as non-executive director.

The deal was led for Foresight by investment managers Ben Dawson and Matt Pomroy. Dawson will join the board.

Company
Steamforged was founded in 2014 and is headquartered in Manchester. Its first licensed game based on the video game Dark Souls sold 100,000 units; more recently, it has released a game based on Resident Evil 2.

People
Foresight Group – Matt Pomroy, Ben Dawson (investment managers).
Steamforged Games – Rich Loxam, Mat Hart (co-founders).

Advisers
Equity – Shakespeare Martineau (legal); Grant Thornton (financial due diligence); RPL (commercial due diligence); Catalysis Advisory (management due diligence).
Company – Cowgill (corporate finance).

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