Nexon, Wargaming, Zynga CEO back mobile startup fund

Venture capital firm London Venture Partners is offering initial funding for mobile game development startups. The firm plans to invest between $50,000 and $500,000 into developers that are primarily in Europe. LVP General Partner Paul Heydon told TechCrunch that the firm plans to invest in 20 to 25 projects "of up to half a million dollars each over the lifetime of the fund."

The money is coming from Asian publisher Nexon, World of Tanks creator Wargaming and Zynga CEO Don Mattrick. London Venture Partners includes former Atari CEO David Gardner with Microsoft's Corporate VP Phil Harrison serving as a special advisor. Harrison joined Gardner's firm in May 2010. LVP's previous investments include Clash of Clans developer Supercell, the now-Zynga-owned Backbreaker studio NaturalMotion, as well as development platform Unity.
[Image: London Venture Partners]

This article was originally published on Joystiq.