July 8, 2005, 12:00 AM

Online game distributor Boonty gets $10 million in new funding

The Boonty Co., a provider to e-commerce sites of downloadable games, has received $10 million in second-round funding from Rothschild Gestion, SPEF Venture and the company`s existing investors OTC Asset Management and Entrepreneur Venture.

The Boonty Co., a provider to e-commerce sites of downloadable games, has received $10 million in second-round funding from Rothschild Gestion, SPEF Venture and the company`s existing investors OTC Asset Management and Entrepreneur Venture.

The company says it will use the funds to develop new products and concentrate on international development, particularly in Europe, Asia and North America.

"Boonty has become the global leader in digital video game distribution in just four short years. Over 70% of the major gaming chains in Europe depend on our download platform," said Mathieu Nouzareth, president and co-founder. "Our next short-term development plan is to market our new mobile phone games, thus offering the only PC/mobile phone based convergent product available on the market."

"We undertook a detailed study of the video gaming sector over the last two years, and Boonty`s obvious achievements make it, without doubt, the company that has made a difference in this business," said Arnold Filhol, investment director of SPEF Venture.

Boonty has signed distribution agreements with the game market`s major publishers and offers over 1,500 PC and mobile games. It has distribution partnerships with more than 100 portals, including T-Online, Yahoo, AOL, IDG, Tucows and Shanghai Telecom.

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