BlueKey – Gamedust’s SPV – raises PLN 6 million

The company Gamedust, specializing in the production of games dedicated to virtual and augmented reality platforms, announced the conclusion of an Investment Agreement regarding a subsidiary – Bluekey sp z o.o. As part of it, the share capital of Bluekey sp z o.o. was increased, Gamedust acquired 108 shares in exchange for a contribution in the form of intellectual property rights. The remaining Shareholders undertook to make a cash contribution in the amount of almost PLN 6 million for 331 shares. The purpose of the joint investment is the implementation by Bluekey sp z o.o. Connected Realities project.

As a result of the agreement concluded between the companies, Gamedust acquired 108 shares in the share capital of Bluekey sp z o.o., in exchange for an in-kind contribution in the form of intellectual property rights worth PLN 286,820.93. The remaining participants of the share capital increase acquired a total of 331 Bluekey shares and undertook to make a cash contribution in the total amount of PLN 5,906,347.00, with financial investors contributing the amount of PLN 5,650,000.

“Cooperation with our partners under Bluekey will allow us to take full advantage of our competences and experience, as well as enable us to implement our strategy and further development in the area of ​​the Connected Realities business line. I am convinced that the signed investment agreement and the funds obtained by Bluekey will allow it to successfully achieve the business goals set by the Partners, which will translate into short and long-term benefits also for Gamedust, allowing for faster implementation of our strategic assumptions, including creating and publishing games based on VR technology. (…)” – says Paweł Flieger, President of Gamedust S.A.

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