Jumpgate Receives ca 14 million SEK in Project Financing for Game Project
Jumpgate has entered into an agreement for project financing with Susana Meza Graham and Andras Vajlok (”MGV”) amounting to ca 14 million SEK (1.2 million EUR) for a yet to be announced game project, which will be published by THQ Nordic. Pursuant with the agreement MGV will finance the development budget for the game and the net revenue from sales will be distributed between MGV and the publisher until MGV has reached the agreed level of return on their investment. Thereafter, Jumpgate also takes part of the upside from sales. The financing will be paid in instalments during the project