Recreation business veterans Pontus Mahler and Jacques Benchetrit have raised $600,000 to launch a publishing and fundraising advisory service for recreation firms.
AGP will deal with M&A, fundraising, publishing, and co-development advisory for PC, console and software-as-a-service firms earlier than increasing into cell, co-development, and different associated business sub-verticals.
AGP raised the cash to scale its companies, backed by a number of angel buyers specializing in gaming. The corporate will launch with six shoppers already onboard.
The companions have a singular mix of expertise. Mahler comes from esports the place he was knowledgeable gamer in numerous technique titles corresponding to Heroes of Newerth; afterward, he led over 30 seed stage investments whereas at GTR.
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Benchetrit then again comes from the world of London-based funding banking the place he held roles at HSBC and Houlihan Lokey. He later led M&A for Zordix, a Swedish-listed video gaming serial acquirer. Their mixed experience provides AGP distinctive insights and skills in the case of consumer choice, data gathering and presenting, negotiations, and inventive deal structuring.
“We are beyond excited to launch Agora Gaming Partners to work with some of the most talented entrepreneurs in the gaming industry,” mentioned Mahler, managing companion, in an announcement. “The combined experience of Jacques myself & our team gives our clients the tools they need to succeed in today’s competitive landscape.”
Particularly, the corporate will deal with publishing; the agency will act as brokers and lead negotiator for PC and console publishing offers with improvement budgets starting from indie to double-A (budgets as much as $50 million). They will even act as facilitators for IP license negotiations.
The agency will even deal with M&A. AGP will leverage its relationships and international community on behalf of established firms valued as much as $100 million to search out the perfect long-term companion.
And it’ll assist with fundraising. AGP maintains an expansive international community of PEs, VCs, and strategics
with over $40 billion in collective AUM able to be deployed in video gaming and video gaming adjoining firms.
“We have built many amazing relationships within the gaming industry – our partners and clients are our friends. AGP is our way of giving back, by providing insight, connections, and our time so that our friends can realize their ambitions,” mentioned Benchetrit, managing director, in an announcement.