Hacksaw Gaming’s newly established investment arm, Hacksaw Ventures, has agreed a deal to acquire a minority stake in games developer Jinx Gaming.
Jinx Gaming has been a partner studio on Hacksaw’s OpenRGS platform since launching its Dead Headz title in December, with the new agreement deepening the relationship between the two companies.
The investment includes the option for Hacksaw to increase its stake over time.
“Jinx Gaming has demonstrated a clear vision and strong creative direction since joining the platform and we are thrilled to welcome them as part of Hacksaw Ventures,” said Hacksaw Ventures vice president Fran Mifsud. “The investment provides Jinx with further resources to develop innovative and exciting games. We’re excited to begin the next stage of our journey together.”
Jinx Gaming founder Reu Wilde commented: “Out of the gate we’ve given players leading first-person-shooter and platformer experiences on the market, and now we have the might of Hacksaw behind us. Through our deepened partnership with Hacksaw, we will continue to rewrite the expectations of what a slot game is.”
Last November, Hacksaw acquired a minority stake in Kitsune Studios, another studio partner of its OpenRGS platform.
Shares in Hacksaw AB (STO:HACK) were trading 3.24 per cent higher at SEK61.42 per share following the announcement in Stockholm Wednesday morning.