Interactive Project, a Rome, Italy-based start-up that develops online managerial motor games, has raised €400k in funding.
The round was led by LVenture, a venture capital firm specialized in early stage IT based startups.
The company intends to use the capital to expand internationally (mainly in Asian markets) its first game MyGPTeam.
Led by Matteo Palumbo, CEO, Interactive Project develops managerial browser-based motor games. MyGPTeam, inspired by F1, has more than 50,000 worldwide users and the company, aims to reach over 100.000 international subscribers by June 2013. To this end, it has already signed agreements with publishers on three continents.
Interactive Project successfully completed the incubation period at EnLabs.