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Gamervision Scores $1.5 Million For Gaming Community And News Site

October 13th, 2010 10:48 admin Leave a comment Go to comments

Exclusive - Gamervision, a news, entertainment and networking site for gamers, has raised $1.5 million from a group of private investors and also unnamed “veteran Hollywood financiers”, bringing the total of capital injected into the company to a nice round $10 million.

Founded by chief exec Andrew Reisini, Chairman Ed Cohen and Vice-Chairman Freddie Bauer back in 2001, Gamervision was built on first-hand video game reviews and reviews. Today, Gamervision publishes a plethora of original video content, podcasts and user reviews.

In a statement, Gamervision informs us that the site has tens of thousands of members and more than one million unique monthly visitors. The startup employs an editorial staff of over twenty gamers and comic lovers to provide that audience with industry news, gossip, rumors and a ton more content.

Recently, Gamervision launched the beta version of its “Swap-n-Sell”, a free service for buying, selling and trading video games, consoles, accessories and collectibles.

Gamervision previously secured a $3.5 million funding round in 2008 and later secured an additional $5 million in ongoing private investment. The company says it intentionally steers clear from Silicon Valley VCs and technology-driven funding sources, preferring to acquire financial backing from the film and movie industry utilizing the long-term personal contacts of its founding management team.

Source: Gamervision Scores $1.5 Million For Gaming Community And News Site

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