Ouya Raises $15 Million from Two Major Capital Firms, Launch Delayed by Two Weeks

By   /   3 years ago

Android game console Ouya has successfully raised $15 million from two major capital firms Kleiner Perkins Caufield & Byers and Mayfield Fund. Additionally Bing Gordon, a partner at Kleiner Perkins is joining Ouya’s team.

Both Gordon’s experience, who also was a former chief creative officer at EA, and the newly raised capital will enable Ouya to comfortably improve its features and services.

Alongside that it was also revealed that the console will see to a three weeks delay, allowing them to better stock shelves in advance for its launch. Chief executive Julie Uhrman has now confirmed that the Ouya will officially release on June 25th.

“This allows us to do more and get more units into retail quickly,” Uhrman said. “Our demand is already beyond expectations. That’s a great problem to have, but it leads to a need for cash.”

Ouya started off initially with a Kickstarter campaign last year where it raised a record $8.6 million.

[via VentureBeat]

Featured Videos

Join the Conversation

Hot Right Now

Video Game Villains

Top 10 Invincible Video Game Villains Who Just Won’t Die, No Matter …

We all are accustomed with video game villains and the story usually concludes with the fall of...

by   /   7 days ago
Panasonic 3DO

Top-10 Retro Consoles You Never Knew Existed

Video gaming has come a long way! While we are well-acquainted with the likes of Xbox Scorpio and...

by   /   1 week ago
Insanely Priced Retro-Games

Top-10 Insanely Priced Retro Games

It goes without saying that video gaming is a luxury and an expensive hobby. While most of the...

by   /   1 week ago
Video Games Past

Why Some Video Games Should Let Go of Their Past

We all have favorite video games franchises that we so dearly love the way they are and yet we also...

by   /   2 weeks ago
Suicide Squad Reviews

The Best Worst Suicide Squad Reviews to Make You Forget Batman vs Supe…

Suicide Squad reviews are beginning to pour in and things are… looking not so good! Similar to...

by   /   3 weeks ago
Load More