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]

Saqib is our leading news editor with his posts helping to make up the brunt of our daily news posts. He's a PC gamer at heart, and his favorite game is Diablo II.

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