A Las Cruces game studio received a $100,000 investment from the recently launched New Mexico Vintage Fund 2022, a partner fund of New Mexico Angels.
Ganymede Games is developing what it calls a role-playing video game where “surviving an apocalyptic event is the easy part.” “Xenotheria” takes players on a “perilous journey across a sprawling desert planet devastated by a recent cataclysmic event. Accompanied by a party of allies, explore derelict spaceships, fight alien enemies and uncover a sinister plot.”
The New Mexico Vintage Fund 2022 investment will help the company add three more people to its current workforce of seven full-time employees, according to a news release.
“Building on our previous success, this round ushers in the next phase for Ganymede Games,” company CEO Jerry Prochazka said in a prepared statement.
The company hopes to release its game to early users in the fourth quarter of this year.
In 2019, Ganymede reported it had raised $550,000 in seed funding with part of that investment coming from the New Mexico Angels, Arrowhead Innovation Fund at New Mexico State University and Abenteuer Ventures in California. More recently, the company found success raising money via crowdfunding campaigns.
“Ganymede Games is having extraordinary success in its capital raising efforts,” said Drew Tulchin, New Mexico Vintage Fund managing partner and president of New Mexico Angels. “In addition to our investment, Ganymede Games is planning on closing July with a total of $700,000 in investments.”
The goal of the New Mexico Vintage Fund 2022 is to support 10 to 14 early-stage and high-growth New Mexico-based companies with investments of around $150,000.
