Codices: A Launchpad Lockdown Success Story
Undeterred by lockdown, Codices Interactive, a Cornish start-up business from the Falmouth Launchpad Incubator, has secured $800,000 of seed funding, led by the Cornwall and Isles of Scilly Investment Fund (CIOSIF) and Haatch Ventures.
With deals inked and live shows already created with Amazon, Twitch and Jagex, Codices can now actively seek new content partners. Whether it be brands looking to capitalise on the booming live streaming market or existing IP holders looking to expand their digital footprint.
The tech company, best known for Quiz Kit, develops tools for online broadcasters to easily make, manage and monetise live interactive gameshows. In June alone, over a million players experienced Codices’ Twitch Extension Quiz Kit, which allows broadcasters to run and host their own trivia show.
With a team that includes alumni from HQ Trivia and Who Wants to Be A Millionaire, Codices also creates original content - meaning streamers can pick from a carousel of pre- written shows or create their own show from scratch.
Tim Edwards, CEO of Codices Interactive
Tim Edwards, CEO of Codices Interactive, said: “We want to make it as simple as possible for any streamer, anywhere, to host their own interactive show. That could be a quiz, a gameshow, a talk show with interactive elements, or any of the many formats we are planning to roll out in the next 12 months.
“This initial funding will now make that happen. We are actively seeking partners to join us on this journey, whether it be format owners who are looking to go digital or non-gaming brands who want to expand their audience.”
The £40m Cornwall & Isles of Scilly Investment Fund provides debt and equity finance from £25,000 to £2 million to help growing small businesses across the region. It has been established by the British Business Bank in partnership with the Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) and is operated by appointed fund managers The FSE Group. CIOSIF is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020.
