[UK] Good news for Tangentix, a technology platform that enables the distribution of online games using existing servers thus reducing the cost of game play. EV Tech, the independent venture and growth fund manager, has put in a funding round via its RisingStars Growth Fund and also included investment from South Yorkshire Investment Fund’s Seedcorn Fund, also managed by EV. Terms were undisclosed.
Tangentix is based in Sheffield, UK. It’s platform lets end-users access and play games with a much-reduce loading time by handling 3D graphic models better. The startup has been spin out of the University of Bradford, led by Professor Hassan Ugail.
Ed French, Investment Director at EV, reckons “the company’s technology has the capacity to change the way the gaming market operates.” Confident words.