Retro game streaming platform scores investment from Tencent
Antstream Arcade, a streaming platform for retro games, has raised its first funding round, led by Chinese tech giant Tencent.
The round, which including additional investment from London-based venture firm, Hambro Perks will fund the subscription service, which offers more than 2,000 interactive video games across Mac, PC, Xbox One, tablet and mobile devices.
Headquartered in London, Antstream launched in July 2019 in Western Europe and now has plans to launch in the US towards the end of the year.
“We are truly privileged that Tencent recognised our potential by investing so early in our journey,” said Steve Cottam, CEO at Antstream Arcade.
“The company is synonymous with gaming and we are proud to be part of its family.
“Tencent has given us an incredible endorsement of our plans at Antstream Arcade, and we are delighted to lean on the support of its team as well as Hambro Perks to bring the joy of retro gaming to modern devices and new audiences."
Dom Perks, Co-Founder and CEO of Hambro Perks, added: "Hambro Perks is thrilled to back Antstream alongside Tencent.
"We predict that its retro gaming platform will be hugely popular with veteran gamers as well as younger demographics. Mobile streaming classic games is a fantastic idea and the team behind the vision is truly world-class."