Seismic Capital Company ("Seismic") today announced its commitment to invest $10 million in Game Cloud Network ("GCN") to accelerate GCN's mission to build the world's largest brand engagement network to connect brands, consumers and influencers through games.
In addition to capital, Seismic will provide administrative services, including human resources, benefits, accounting and legal support, enabling GCN to focus on accelerating technology and product development, launching new partnerships and customer acquisition. Founded in 2019, GCN is the first company in Seismic's portfolio, which is open to all investors. (Click here to learn more about investing with Seismic.)
"Unlike the philosophy behind traditional VC investments, Seismic offers our portfolio companies what we call 'patient capital,' which means rather than wasting time in the up-and-down cycles of funding rounds, we are in it for the long run," said Eric White, President and Chief Investment Officer at Seismic Capital Company. "Game Cloud Network meets every aspect of our investment criteria; we see it as a paradigm-shifting startup primed to shake up the gaming industry. GCN's leadership team consists of proven innovators and disruptors with decades of experience across gaming, media and telecommunications."