Multi-million funding deal for Blade

Multi-million funding deal for Blade
Michael French

By Michael French

October 10th 2007 at 9:57AM

Total Asset financing to boost developer's bid to move into publishing

Blade Interactive has secured a multi-million pound financing deal to secure its previously announced publishing ambitions.

The money comes from investment group Total Asset Management.

“Let no one in the video games market underestimate what Blade is doing at the moment," commented Deborah Jones of Blade Interactive.

"We have unparalleled technology with Infinite Worlds and HydroEngine. We are IP owners and IP developers and now also publishers. We have the wherewithal to send shock waves through this industry - and we have the funding in place to see it through. We are absolutely delighted with our new association with Total Asset Limited who we see as trusted business partners.”

George Alexander from Total Asset Limited added: “Total Asset Limited has for some time been actively seeking robust IP holders in the video games business who seek to extend the range of their activities. We couldn’t be more pleased with our deal with Blade Interactive Studios and the World Snooker Championship brand which we see as one of the top ten sports brands in the market place.”