- Zelgor, a Netcapital (NCPL, Financial) portfolio company, acquires Spellbook Studio, creators of The Infinite Black game franchise.
- The Infinite Black is a space combat MMO with 120,000 active players, generating revenue through virtual 'credits'.
- The acquisition aims for Zelgor's operational sustainability, leveraging the established player community.
Netcapital Inc. (NCPL) announced that its portfolio company, Zelgor, has successfully acquired Spellbook Studio, the creators of the popular gaming franchise, The Infinite Black. This space combat Massive Multiplayer Online game (MMO) is known for pioneering MMO gaming on Android since its launch in 2011.
The Infinite Black franchise includes two free-to-play mobile games, where players manage fleets of spaceships and engage in strategic battles. The games generate revenue by selling virtual 'credits', which players can use for ship enhancements. Currently, the franchise boasts a substantial community of 120,000 active players, making it a significant player in the mobile gaming market.
According to John Fanning Jr., CEO of Zelgor, the acquisition is a strategic move expected to render the company's ongoing operations sustainable by harnessing the revenue streams from the established franchise. With a large and devoted player base, this acquisition positions Zelgor to further expand its interactive entertainment offerings while securing steady income.
Zelgor is supported by notable investors such as venture capitalist Tim Draper and Kai Huang, co-creator of Guitar Hero, and has experience developing successful games like The Sims and Bioshock Infinite. Netcapital, a fintech company, offers a platform for private equity investment and capital raising, continuing its focus on expanding fintech-driven opportunities in the digital space.
