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Eutechnyx Secures £6 Million Investment

UK-based developer will use the money for a new racing title and to develop its free-to-play infrastructure as it expands into the casual games market.

Eutechnyx has secured a £6 million investment led by Amsterdam-based venture capital outfit Prime Technology Ventures.

The UK-based indie developer behind last year’s Supercar Challenge said that the money would help finalise the development of a new racing title, and enable it to develop its free-to-play infrastructure as it expands into the world of casual online games.

Eutechnyx CEO Brian Jobling said: "We're thrilled to have secured this investment headed up by Europe's most successful technology VC. As an independent developer, this infusion will help us to continue to forge our own destiny within a rapidly changing games industry. Not only does the investment enable us to continue to innovate, we can continue to do so on our own terms."

Prime Technology Ventures’ Monish Suri added: "When we saw what Eutechnyx was working on, we knew we had to be involved, particularly given Eutechnyx's track record, design heritage and jaw-dropping technology. We only invest in the best, so we're incredibly excited to be able to play a role in the creation of projects that will drive the future of videogames."