Today, gaming studio accelerator and investment platform Execution Labs announced it raised a $6 million Series A round of funding.
The round was led by Toronto-based Corus Entertainment. Existing investors BDC Capital, Real Ventures, and White Star Capital also participated in the round.
Montreal-based Execution Labs says the funding will be used to bolster its support of emerging independent game studios. Scott Dyer, Executive Vice President of Strategic Planning and Chief Technology Officer of Corus Entertainment, will join Execution’s board.
“The goal of Execution Labs has always been to foster the development of independent game studios,” says Jason Della Rocca, Execution Labs’ cofounder, “and with the support of our incredibly generous mentor network we’ve been able to help talented developers launch great games and then go on to set up sustainable studios.”
“With the injection of funds from Corus and our existing partners, we’ll be able to keep fueling those new studios while ensuring that the top developers out there continue to get the funding and support they need to launch amazing new games,” he added.
“Execution Labs is an innovative business creation model that leverages the exceptional expertise developed in Montreal over the past decades,” Dominique Belanger, Vice President Strategic Investments and Partnerships, BDC Capital said.
Execution Labs’ current three-month program offers up to $50,000 in funding, shared workspaces, and mentorship opportunities.
“Our goal is to back the very best game studios in the world through mentorship, financing, and a collaborative community,” the company says.