London-based Anstream Arcade, a streaming platform for retro games, has raised an undisclosed amount of Series A funding. Tencent led the round with participation from Hambro Perks.
Correction: An earlier headline of this news report misspelled Antstream Arcade. It has since been corrected.
LONDON, 23rd July 2019: Antstream Arcade, a revolutionary streaming platform for retro games, today announced it has raised substantial Series A funding. Tencent, the leading provider of internet value added services in China, led the round with additional investment from London-based venture firm, Hambro Perks.
Anstream Arcade is the world’s first retro game subscription service, offering casual gamers more than 2,000 interactive video games across a range of devices through a monthly subscription. With the world’s largest catalogue of fully licensed titles, accessible via a monthly subscription, Antstream’s snackable format allows gamers to ‘pick up and play’ classic retro games on demand, interact with social challenges on the platform and compete with friends. It is available on Mac, PC, Xbox One, tablet and mobile devices, Nvidia Shield, and Amazon Fire Stick, with other platforms coming soon.
Headquartered in London, Antstream Arcade offers retro fans the ultimate arcade experience with a back catalogue of games available via streaming; eliminating the need for separate vintage gaming hardware and opening up access to long forgotten or previously unobtainable games.
Following a successful Kickstarter campaign, Antstream soft launched in July 2019 in Western Europe with plans to launch in the US towards the end of 2019.
Steve Cottam, CEO at Antstream Arcade, commented: “Streaming is the future of gaming and the feedback we have received from our fans and early adopters has proven the point, they love it! We are truly privileged that Tencent recognised our potential by investing so early in our journey. The company is synonymous with gaming and we are proud to be part of its family. Tencent has given us an incredible endorsement of our plans at Antstream Arcade, and we are delighted to lean on the support of its team as well as Hambro Perks to bring the joy of retro gaming to modern devices and new audiences.”
Dom Perks, Co-Founder and CEO of Hambro Perks, commented: “Hambro Perks is thrilled to back Antstream alongside Tencent. We predict that its retro gaming platform will be hugely popular with veteran gamers as well as younger demographics. Mobile streaming classic games is a fantastic idea and the team behind the vision is truly world-class.”
Tencent uses technology to enrich the lives of Internet users.
Our communications and social platforms, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted advertising platform helps advertisers reach out to hundreds of millions of consumers in China. Our infrastructure services, FinTech and enterprises services support our partners’ business growth and assist their digital upgrade.
Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.HK) are traded on the Main Board of the Stock Exchange of Hong Kong.
About Antstream Arcade
Antstream Arcade was founded in 2013 in London. Over the years it has built one of the best boards in the industry led by Richard Tufft a Venture Partner at Hambro Perks with support from Ian Livingstone CBE, the co-founder of Games Workshop and the co-author of Fighting Fantasy.
The Antstream Arcade streaming service allows users to play retro video games, directly from the cloud with no downloads or installs, on modern devices through an affordable monthly subscription. To find out more visit Antstream.com
About Hambro Perks
Hambro Perks is the London based venture firm that backs and builds leading British technology companies, founded by Dominic Perks and Rupert Hambro CBE. Hambro Perks invests at an early stage and helps companies to scale with capital and strategic support. The firm invests permanent capital and a co-investment EIS fund that is open to high net worth investors, and is soon to launch other funds. Hambro Perks has backed more than 40 businesses such as the digital pharmacy Echo, the geocoding system What3Words, and the creative networking platform The Dots.
For more information, please visit: www.hambroperks.com