iNovia Capital and ID Capital invest $3 Million into Tribal Nova (3)
This is late news (as in 11 days ago), but a few readers might have missed it so here are the (good) news: Tribal Nova received $3 million from iNovia Capital and ID Capital
Tribal Nova produces multimedia games (similar to Flash games on web browsers, but with more elaborate environments), made for kids. The games are done in partnership with different media groups such as CBS, the CBC or printing media groups, who would use Tribal Nova’s expertise to engage kids and offer them a world to discover. You can see products in this page.
I’m thinking about the video games industry in Montreal and in Québec, and Tribal Nova with its new funding could have the opportunity to crystalize world-class video game talent, creativity, and expertise found in Montreal.
One could think for instance of Club Penguin, maker of a virtual world for kids, a Canadian startup acquired just last year by Disney for $700 million… I’m not stating that Tribal Nova should go play into that market, but if there are looking for the moment, it’s certainly now to do the turn.
On a sidenote, it’s noteworthy to see iNovia Capital on a funding spree for the past month. There’s Tribal Nova, on Apr.13th Collective Media got $20 million, CoolIT Systems had $6.2m in March 24th, Tynt Multimedia was funded ($5m series A) march 2nd, Airborne Entertainement had $2m Jan 20th. It’s a striking difference compared to last year, even more striking when remembering the current economic conditions.
Congrats to teams at Tribal Nova, iNovia Capital and ID Capital.
Quick! Invest for the long-term while the market is down! Smart guys, those iNovia folks.
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