Transcend Fund Secures $60m

Business

15 November 2023 13:44

In its second funding round, Transcend Fund secured nearly $60m. The company currently has $150m in assets. The fund will focus on early-stage companies. The fund aims to invest in early-stage gaming companies.

Transcend Fund's Bergel stated “We are very cognizant of the current moment in time and how difficult it is to get anything done when things are so tight. And interest rates are where they are and that has knock-on effects. That said, we speak a lot with investment bankers about the current market for M&A. It has been hot and it has cooled a bit, but that always happens. We still see the road ahead as going up.”

Tags: Transcend Fund

Share:

Sources:

Report mistake Submit news

Related news

View All

FIFA and 2K Reportedly Came Close to an EA Sports FC Rival

A new FIFA game nearly happened. I guess in a way we should be happy cause, players dodged another VC...

Business

Jun 12, 2026

Elder Scrolls 6 'Coming Along Well,' but a Reveal Isn't Close

Xbox Chief Content Officer Matt Booty has offered a small update on The Elder Scrolls 6, saying he has personally...

Business

Jun 11, 2026

Ubisoft's "Final" Round of Cuts Was Five Months and Five Rounds Ago

This is the last time, ok ok this is the last time, it looks like Ubisoft is a sinking ship,...

Business

Jun 11, 2026

Astralis Is Being Forced to Police Its Own Fans

A CEO, a team and fans. This is the trifecta of sports and esports. This story is about this nothing...

Business

Jun 10, 2026

Amazon Insists Its Lord of the Rings Game Lives On

"What’s taters, precious? What’s taters, eh?". A great IP with a horrible company. Lord of The Rings is the ultimate...

Business

Jun 10, 2026

Transcend Fund Secures $60m

Business

15 November 2023 13:44

Tags: Transcend Fund

In its second funding round, Transcend Fund secured nearly $60m. The company currently has $150m in assets. The fund will focus on early-stage companies. The fund aims to invest in early-stage gaming companies.

Transcend Fund's Bergel stated “We are very cognizant of the current moment in time and how difficult it is to get anything done when things are so tight. And interest rates are where they are and that has knock-on effects. That said, we speak a lot with investment bankers about the current market for M&A. It has been hot and it has cooled a bit, but that always happens. We still see the road ahead as going up.”

Share:

Sources:

Report mistake Submit news