YoYo Games undergoing new round of funding

YoYo Games Ltd are currently trying to raise new investment in the company.

We recently posted documents which showed that in the two years to 31st October 2008 YoYo Games lost more than £420,000 (~$680,000 USD).  Speaking on this weekend’s GMLive host Joshua Pedroza said that although he is “not allowed to say much about this” the UK-based business is “undergoing a funding operation”.

Another source has also indicated to Game Maker Blog that YoYo CEO Sandy Duncan has been in discussion with venture capitalists.

It looks like YoYo Games are entering a busy period with the release of Game Maker 8 not far away (the logo contest closed today with more than 500 entries), new funding and a planned new office.

What do you think?

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