From statesman, January 5, 2009...
Austinite Alan Kane is doing what very few investment firms have attempted: He's starting a venture firm just for game development startups.
Kane, who used to help run Midway Games Inc.'s studio in Austin, is in the midst of raising a $12 million to $15 million fund for Archangel Ventures, a venture capital fund that will exclusively fund game developers.
"We are looking for companies that are going to take advantage of digital distribution," said Kane, who expects to close the fund in the middle of the year.
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