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

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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.”

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