Summary:

The one thing people appear to be reluctant to give up in the recession is video games — perhaps explaining why Dutch online games develope…

imageThe one thing people appear to be reluctant to give up in the recession is video games — perhaps explaining why Dutch online games developer Virtual Fairgrounds has won $4 million (£2.81 milllion) of VC funding to back a global roll-out of a new Flash-based MMO sports game Galaktik Football, based on a kids’ TV show of the same name produced by French animation house Alphanim and co-owned by Jetix (via Venturebeat.com). Aimed at under-13s, the game will kick off in North America and Europe in April followed by a global launch next year to coincide with the 2010 World Cup in South Africa — with the TV show already being shown in 100 countries, it’s not hard to see the potential behind a browser-based game tapping into its popularity. Virtual Fairgrounds was formed in January last year and has 25 staff across its Amsterdam and Kiev offices.

It’s another investment for the Dutch online gaming industry: multiplayer games portal MMO Life received first round funding of

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