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Proposition No. 18 [UK; CMR Centre; Consumer related; Leisure, Entertainment; Funding]
Proposition headingGames for Mobile Phones (LDC)
Top summary Games for Mobile Phones (LDC) Seeing an opportunity in the UK telecomms industry, 3 partners secured options on Korean mobile games. Needing funding to secure licences, they came to CMR in London. 
Detailed summary

Games for Mobile Phones (LDC)

Seeing an opportunity in the UK telecomms industry, 3 partners secured options on Korean mobile games. Needing funding to secure licences, they came to CMR in London.

Several CMR Angels saw the potential, and one invested 150k for 13% equity with options on more. The games were then taken up by G2.5, G3 operators hungry for content.

To expand the portfolio, the original investor and a 2nd CMR Angel put in a further 110k, and a CMR client raised a further 230k by PPM. LDC was subsequently acquired by a larger (ring-tones) player.

 
If you would like to take your interest further, please complete some brief details about yourself. This will be passed onto the business. If it is a CMR-managed proposition, the CMR executive handling will contact you. If the business is merely being listed, your details will be passed to them and they will contact you directly. 
CLICK HERE TO REGISTER INTEREST
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