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MindFuse Secures $1 Million in Convertible Note Funding

MindFuse announces that they have secured $1 million in convertible note funding from Keiretsu Forum angel investors for the development of massively multiplayer online games (MMOG) and virtual worlds. The company has raised a total of $1.75 million since inception in 2006. MindFuse was founded by industry veterans Matthew Le Merle and Joseph Walters, formerly of Shockwave and Skunk Studios and.

"The richest massively multiplayer universes have been largely violent fantasy worlds", said Joseph Walters, Chief Executive of MindFuse. "Casual, friendly games on the other hand feel more like a snack than a feast. MindFuse is going to bring the two types of gameplay and players together simple, compelling games embedded in a deep three dimensional world".

Funds will be used for working capital, expanding the core team based in Berkeley, and the development of a world class customer service and marketing organization. MindFuse is currently looking for a few outstanding additions to their team. The first game developed by MindFuse will be announced shortly, with a public beta in the spring of 2009.



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