Archives by Day

July 2022
SuMTuWThFSa
12
3456789
10111213141516
17181920212223
24252627282930
31

About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

Advertising

As an Amazon Associate, we earn commission from qualifying purchases.





Apogee Secures $5 Million Funding To Publish More Indie Titles

by Rainier on Jan. 25, 2022 @ 4:58 p.m. PST

eWTP Tech Innovation Fund is investing $5 million into Apogee as the publisher heads into their second year after their 2021 resurrection.

Apogee Entertainment, the legendary developer-publisher behind Duke NukemPrey (2006), Max PayneWolfenstein 3DCommander Keen, and many more, announces that it has accepted $5 million in external financing—the first outside investment in Apogee’s history.

eWTP Tech Innovation Fund’s $5 million investment in Apogee comes on the heels of the original indie game publisher’s public resurgence in March 2021, when founder and industry luminary Scott Miller rejoined the company he started in his parents’ home in 1987. A creative powerhouse that mentored id Software, Remedy Entertainment, and so many others, Apogee’s 2021 resurrection saw several successful game launches, like sci-fi survival adventure Residual from OrangePixel, and even more signings, including the open-world epic Elements (starring Patricia Summersett of The Legend of Zelda: Breath of the Wild) and Turbo Overkill, a frenetic first-person shooter from the acclaimed creator of DOOM II mod Total Chaos.

eWTP shares Apogee’s vision for an industry future where undiscovered indie talent is found, elevated, and rewarded for simply giving consumers great games—complete, polished, and purely fun. Their investment will accelerate Apogee’s growth, allow the hiring of additional management and production staff, and make possible the signing of several new games and developers spanning the globe.

"I couldn't be more thrilled by this investment in our future success. I’m especially glad to have met Partner CY Chen and VP of Business Development Jack Sorensen, both of whom impressed us deeply with their understanding of our profession and business goals," said Scott Miller. "Partnering with eWTP has us excited for the rocket ride ahead, on which we’ll discover and bring even more games to the world."

"We really love Apogee's proven track record of discovering new indie studios and nurturing their international success," said CY, a veteran of the gaming industry and Electronic Arts China who helped pioneer online gaming in China. "We’re honored to support their mission to find undiscovered talent and help create evergreen hits that can remain successful for decades."

Quantum Tech Partners, longtime advisors to Apogee Software, consulted on the partnership with eWTP Tech Innovation Fund.

“Congratulations to Apogee and eWTP on the completion of this transaction. Quantum Tech Partners was very proud to exclusively advise Scott and Terry at Apogee on this partnership,” said Jim Perkins, Founder and Partner at QTP. “I’ve worked with Scott for decades, supporting independent developers worldwide. Scott’s talent is unmatched when it comes to finding and supporting visionary game developers and bringing their games to market.”

The resurrection continues in 2022 with the multi-platform releases of Elements, Turbo Overkill, hand-drawn dungeon-diving roguelike Below the Stone, and narrative-driven survival shooter DEAD FURY.

blog comments powered by Disqus