Game Seer invests in Breaking Walls in US$1.75M round of project financing
Counsel to Game Seer Venture Partners GmbH
Lead by
On March 27, 2020, Game Seer Venture Partners GmbH (“Game Seer”) completed an agreement to participate in a US$1.75 million financing round jointly with Canada Media Fund (“CMF-FMC”) and Kickstarter PBC (“Kickstarter”), of the Montreal-based video game developer Breaking Walls. Game Seer’s investment is structured as a mezzanine financing instrument (venture debt). Breaking Walls is a Canadian video game development studio founded in 2015 in Montréal, Quebec by industry veterans Laurent Bernier, Nathanael Dufour and Sebastien Nadeau, which specializes in highly immersive, innovative and story-driven interactive products. The financing provided by Game Seer will be used toward the development of its first game “AWAY: The Survival Series”.
Game Seer, formed in July 2019, is a German-based investment company with a focus on the gaming industry and particularly on providing early-stage financing to games developers and studios. Game Seer states that until 2022, a total of 10 million Euros will be invested in games projects via growth financing.
Miller Thomson advised Game Seer with respect to this transaction with a team led by Philipp Park and Philippe St-Louis (M&A) with the assistance of Andrew Etcovitch and Victoria Rodrigues (Corporate Tax).