Enterprise Ventures et al. back Tangentix with $2.1m

Enterprise Ventures (EV), which already backed Tangentix with seed funding in 2009, was joined in this round by ParkWalk Advisors and Finance Yorkshire (Equity & Seedcorn Funds). EV invested from its RisingStars Growth Fund II.

Tangentix is currently looking to scale its team internationally. The business will use the funding to implement its growth plans and deploy a new product for game discovery to be debuted at GDC (Game Developers Conference) in San Francisco.

The company received seed funding from EV and the South Yorkshire Investment Fund at its inception in 2009.

Company
Tangentix is a developer of compression technology for computer games. The business was founded in Sheffield in 2009, following its spin-off from Bradford University.

The business offers publishers, game portals and digital distribution systems the ability to deliver a more compact product while retaining quality. Tangentix is currently working on a PC game discovery solution for AAA games.

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Enterprise Ventures