Vanedge Capital invests in Sava Transmedia, a Montreal startup founded by an industry pioneer

Posted by Knowlton Thomas

One of Quebec’s video game industry pioneers, Alain Tascan, is forging a new studio specialized in developing social games playable on any device with a screen.

Alain is the co-founder of Ubisoft’s and Electronic Art's Montreal operations and will title this new venture Sava Transmedia. It will be devoted to developing games for fast-growing platforms, expects to produce its first game within 18 months, and aims to employ 200 people by 2016.

“The revolution going on [in gaming] is a sociological one,” Alain told a news conference in Montreal. “Different people are playing. It’s not just a little trend. It’s a huge wave coming up. We want to convert a whole new generation of players.”

“We’re excited by this,” said V. Paul Lee, managing partner of Vanedge Capital, an $134-million venture capital fund that makes digital media investments. “There is this dramatic shift from mobile devices to connected mobile devices – like smart phones and tablets. I think we’re at the very beginning of that growth.” Vanedge capital has invested an undisclosed sum in Sava Transmedia.

 

Company:
VanEdge Capital
Website:
http://www.vanedgecapital.com
Location:
Vancouver, British Columbia, Canada

Vanedge Capital is a new venture capital fund focused on investments in interactive entertainment and digital media businesses. We make investments where our unique combination of operating leadership and management; subject matter expertise; relationships with technology, creative, and management talent; and proven ability to pick hits in a hit-driven business will generate out-sized returns. We focus on... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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