A new venture capital fund called Altered Ventures has launched that plans to invest $36 million in independent developers around the world.

The fund has been set up in partnership with Mountain Nazca and Streamline Media Group. It has offices in Silicon Valley, Mexico City and Kuala Lumpur.

Altered Ventures aims to support new projects with a focus on developers in, and making games for, emerging markets.

It aims to invest developers with all the funds they need to make and publish their games, without the need to give up equity in the studio. However, developers will need to share revenue with the group.

You can read the full story on PocketGamer.biz