Investments
1Portfolio Exits
2
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Latest Geoffrey Hyatt News
Apr 15, 2020
Demiurge co-founder Albert Reed has repurchased the company from Sega. As reported by GamesIndustry.biz , Reed and his business partner Geoffrey Hyatt acquired the studio. With its new independence, Bart Simon has been appointed CEO. Initially, Reed left the company in 2017. Sega purchased the independent studio in February 2015. "It is very much the same company it was when it was acquired," said Reed. "About the same size. The vast majority of the staff is actually the same. A lot of it is actually pretty similar. When we were discussing things with Sega, it was an easy conversation because myself and my business partner already kind of knew everything." Reed added: "We're finding those ways of running mobile games porting back into console and PC. "And because there are not a lot of studios that have built triple-A console content and mobile free-to-play content, we're really in a unique position to help console PC developers to navigate what it means to run a game as a service, do real live operations, roll out new content, and continually tune and balance a game as it evolves." Key focus Currently, the studio plans to continue to run both Marvel Puzzle Quest and Sega Heroes. Furthermore, Reed claimed Demiurge would support the development of games for other companies rather than its own titles. "That's what we're going to focus on for the next 12 to 18 months," said Reed. "We have a really long history of partnering with the top studios and publishers. Some other indies might look down their noses, but we've found it to be incredibly rewarding work. You get to work with fantastic IPs and learn from the best developers. It's a great business." Get the latest mobile games news, interviews and in-depth analysis on Twitter , Facebook , LinkedIn and our daily newsletter . Pocket Gamer Connects Digital , the first online-only b2b mobile games conference in the series, takes place on April 6th-10th 2020. Book now! Tags:
Geoffrey Hyatt Investments
1 Investments
Geoffrey Hyatt has made 1 investments. Their latest investment was in Yesware as part of their Seed VC on April 4, 2011.

Geoffrey Hyatt Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/15/2011 | Seed VC | Yesware | $1M | Yes |
Date | 4/15/2011 |
---|---|
Round | Seed VC |
Company | Yesware |
Amount | $1M |
New? | Yes |
Co-Investors | |
Sources |
Geoffrey Hyatt Portfolio Exits
2 Portfolio Exits
Geoffrey Hyatt has 2 portfolio exits. Their latest portfolio exit was Yesware on October 17, 2022.
Geoffrey Hyatt Acquisitions
1 Acquisition
Geoffrey Hyatt acquired 1 company. Their latest acquisition was Demiurge Studios on April 02, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
4/2/2020 | Debt | $0.68M | Acquired - II | 1 |
Date | 4/2/2020 |
---|---|
Investment Stage | Debt |
Companies | |
Valuation | |
Total Funding | $0.68M |
Note | Acquired - II |
Sources | 1 |