Coatsink
Company
Documents about Coatsink
Article
Six Years of UKGTF
Since its 2015 launch, the UK Games Fund has backed close to 200 independent UK game projects with grants of up to £25,000 each, aimed at own-IP development at the earliest stage.
- Since its 2015 launch, the UK Games Fund has supported nearly 200 independent game projects with individual grants of up to £25,000.
- The fund has directly supported approximately £14 million in early-stage projects, generating an estimated £20 million in wider economic leverage.
- Portfolio companies report an average staff growth of 45% following their initial funding application.
UK Games FundNov 2021
Article
Funded Company Acquired for £23 Million: UK
Sunderland-based studio Coatsink, an early beneficiary of the UK Games Fund, was acquired by Swedish group Thunderful for an upfront consideration of £23 million.
- Swedish company Thunderful Group acquired UK-based developer and publisher Coatsink for an upfront consideration of £23 million.
- The acquisition deal includes an earn-out component that could bring the total consideration to a maximum of £65.5 million.
- Coatsink will continue to operate as an independent development studio while functioning as part of the Thunderful Games division.
UK Games FundOct 2020
Article
Launch Round Portfolio Update: UK
The UK Games Fund's July 2016 portfolio update reviews progress among the 24 companies funded in its launch round, roughly nine months after the programme opened in autumn 2015.
- The UK Games Fund has received over 300 applications since its launch in Autumn 2015 and has supported a portfolio of 24 companies in its initial round.
- Tag Games leveraged funding to retain seven staff members and secure interest from publishers including Sega US and Flare Games for its project 'Misfits vs. Monsters'.
- Coatsink utilized grant funding to complete a prototype that led to a full-scale development deal, with a multi-platform release scheduled for 2017.
UK Games FundJul 2016
Article
Successful Applicants Announced: UK Games Fund
On February 1, 2016, the UK Games Fund announced the first round of successful applicants to its launch round, with the news delivered by Ed Vaizey, then Minister for Culture and the Digital Economy.
- The UK Games Fund announced its inaugural round of successful applicants on February 1, 2016, as part of a government initiative to support business growth and game development.
- The funding round supported 24 UK-based games companies, including Atomicom, Coatsink Software, Futurlab, Roll7, and Tag Games.
- The program aims to bolster the UK's position in the global video games market by providing capital to help studios develop new titles.
UK Games FundFeb 2016
