Boonty receives USD 10 million investment

Digital videogame distributor Boonty has received a new investment of USD 10 million from Rothschild Gestion, Spef Venture, OTC Asset Management and Entrepreneur Venture.

According to Boonty president Mathieu Nouzareth, the company will use the funds to finance the development of new products and ensure continued international expansion, particularly in Europe, Asia and North America.

"Our next short-term development plan is to market our new mobile phone games to our current and future partners, thus offering the only PC/mobile phone-based convergent product available on the market," Nouzareth said.

He went on to state that Boonty has become the leader in the digital videogame distribution market in the four years since the company was established, with more than 70 per cent of major European gaming chains depending on the platform.

"Boonty has become, in short order, a world-class company in digital distribution of videogames. The choice was thus natural," said Rothschild Gestion's Jerome Pujol.

Arnold Filhol, investment director for Spef Venture, commented: "We undertook a detailed study of the videogaming sector over the last two years, and Boonty's obvious achievements make it, without doubt, the company that has made a difference in this business."

Boonty's current catalogue features more than 1500 PC and mobile games and the company has links with a hundred portals and publishing partners around the globe, including T-Online, Yahoo!, AOL, IDG, Tucows and Shanghai Telecom.