$5 Million in Funding Secured by Apogee, House of Max Payne, Duke Nukem, Wolfenstein, and More
eWTP Tech Innovation Fund invests heavily in the future of gameplay-first indie development
DALLAS — January 25, 2022 — Apogee Entertainment, the legendary developer-publisher behind Duke Nukem, Prey (2006), Max Payne, Wolfenstein 3D, Commander Keen, and many more, today announces the company has accepted $5 million in external financing—the first outside investment in Apogee’s history.
eWTP Tech Innovation Fund’s $5 million investment in Apogee comes on the heels of the original indie game publisher’s public resurgence in March 2021, when founder and industry luminary Scott Miller rejoined the company he started in his parents’ home in 1987. A creative powerhouse that mentored id Software, Remedy Entertainment, and so many others, Apogee’s 2021 resurrection saw several successful game launches, like sci-fi survival adventure Residual from OrangePixel, and even more signings, including the open-world epic Elements (starring Patricia Summersett of The Legend of Zelda: Breath of the Wild) and Turbo Overkill, a frenetic first-person shooter from the acclaimed creator of DOOM II mod Total Chaos.
eWTP shares Apogee’s vision for an industry future where undiscovered indie talent is found, elevated, and rewarded for simply giving consumers great games—complete, polished, and purely fun. Their investment will accelerate Apogee’s growth, allow the hiring of additional management and production staff, and make possible the signing of several new games and developers spanning the globe.
“I couldn’t be more thrilled by this investment in our future success. I’m especially glad to have met Partner CY Chen and VP of Business Development Jack Sorensen, both of whom impressed us deeply with their understanding of our profession and business goals,” said Scott Miller. “Partnering with eWTP has us excited for the rocket ride ahead, on which we’ll discover and bring even more games to the world.”
“We really love Apogee’s proven track record of discovering new indie studios and nurturing their international success,” said CY, a veteran of the gaming industry and Electronic Arts China who helped pioneer online gaming in China. “We’re honored to support their mission to find undiscovered talent and help create evergreen hits that can remain successful for decades.”
Quantum Tech Partners, longtime advisors to Apogee Software, consulted on the partnership with eWTP Tech Innovation Fund. “Congratulations to Apogee and eWTP on the completion of this transaction. Quantum Tech Partners was very proud to exclusively advise Scott and Terry at Apogee on this partnership,” said Jim Perkins, Founder and Partner at QTP. “I’ve worked with Scott for decades, supporting independent developers worldwide. Scott’s talent is unmatched when it comes to finding and supporting visionary game developers and bringing their games to market.”
The resurrection continues in 2022 with the multi-platform releases of Elements, Turbo Overkill, hand-drawn dungeon-diving roguelike Below the Stone, and narrative-driven survival shooter DEAD FURY. Get the latest from Apogee Entertainment on its official website or follow the legends on Twitter, Facebook, Instagram, and Discord.
About Apogee Entertainment
Apogee Software’s pioneering journey began in 1987, when Scott Miller decided to split his new game, Kingdom of Kroz, into three episodes, with the first episode available as free shareware. The “Apogee model” of distribution revolutionized PC gaming at the time and catapulted Apogee Software to global renown. As an indie publisher, Apogee (and it’s later incarnation, 3D Realms) would introduce the world to id Software, Remedy Entertainment, Parallax Software, and other video game superstars in the making. As a developer, Apogee would innovate and inspire in equal measure, creating treasured characters and franchises like Duke Nukem, Shadow Warrior, and Prey en route to earning over a billion dollars in commercial revenue.
The new Apogee Entertainment, with founder Scott Miller and longtime partner Terry Nagy at the helm, will empower today’s incredibly talented indie developers, paving the way for their global success with innovative ideas, cutting-edge marketing, and the same fearlessness that changed the industry.
About eWTP Tech Innovation Fund
eWTP Tech Innovation Fund was established in May 2018 as the first fund originating from China that positions itself for globalization. Alibaba Group and Ant Financial Group are cornerstone investors of the fund. The size of the first funding is $600 million USD.
eWTP focuses on markets around the world that have high growth potential within industries that revolve around technological innovation and improvement in the quality of consumption. eWTP focuses on technological innovation and development of businesses in regions of the Belt and Road Initiative.
