Charlottetown mobile game company icejam gets $3M angel investment
The company is developing its first game, Curious, which should launch by the end of this year
A Charlottetown mobile game company is getting a $3 million investment from a Halifax venture capital firm to create its first game.
The company, icejam, opened its doors a year ago and is developing a game called Curious, which is set to launch by the end of the year.
Stuart Duncan is the CEO of icejam. He currently employs about 15 people, with a small satellite office in Toronto. Duncan sold Bight Games, his last company after creating two huge hits in mobile games, Trade Nations and The Simpsons: Tapped Out.
Duncan anticipates that in one year, icejam will be employing 40 people on the Island and 10 people in Toronto.
"We are aggressively hiring right now. In Charlottetown, we have programming engineering positions, audio engineers, game writers, development management positions, project manager positions," he said.
The company making the investment, Build Ventures, has $65 million under its management. It invests primarily in technology sectors across Atlantic Canada.