PlayCanvas closes venture capital investment

IWG has advised PlayCanvas Ltd on its convertible loan note issue to 500 Startups and Cross Border Angels. The transaction closed on 5 February 2014.

PlayCanvas is a London-based tech start-up providing a cloud-hosted game development platform.

PlayCanvas secured investment from venture capital investors and start-up accelerators 500 Startups and Cross Border Angels after winning the tech start-up pitch competition at the Startup AddVenture Summit in Kiev in December 2013.

PlayCanvas is already a member of the Techstars accelerator programme, having procured seed funding from Techstars in September 2013.

IWG corporate partner Ben Manners advised PlayCanvas, while Bitta Sharma of Gunderson Dettmer advised 500 Startups, and Marta Emerson advised in-house at Cross Border Angels.

Further information on Ben Manners and IWG’s corporate team can be found on the Meet the Team and the Corporate pages.