Raion Games aims for PLN 2.4 million debt crowdfunding ahead of 2022 IPO

Raion Games – a company that creates Indie Premium games on Nintendo Switch – wants to raise PLN 2.4 million in a debt crowdfunding campaign, offering an interest rate of 9%, and is also counting on a debut on the NewConnect market this year, the studio said.

“We have relatively few studios on the Polish market that deal with creating games for Nintendo Switch. Over 71% of domestic entities create PC games. We will use the acquired capital to complete our three productions. ‘Flyin Fat’ and ‘Blackwhite’ will debut in 2022, while ‘Survival Island’ is planned for 2023. We see that our titles have a very large market potential. In the case of the Nintendo Switch platform, we have access to a wide market – over 92 million players “- said Vice President Mateusz Niżnik, quoted in the announcement.

At the same time, the company is finishing work on the “Datenshi: Reborn” set in a cyberpunk-Japanese style. Raion Games wants to release at least two games a year with budgets up to PLN 0.5 million, according to the material.

“Investors can invest PLN 2.4 million in Raion Games in debt crowdfunding. The company offers an interest rate of 9% per annum and an interest payment every six months, the duration of the investment is 24 months. The loan can be converted into shares with 20%. at a discount”.

“Raion Games wants to debut on the NewConnect market in 2022, as long as formal issues allow it,” the company also announced.

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