PopReach announced a subsidiary of eWTP Tech Innovation Fund will invest $5 million in the company to support its global expansion plans. (The Logic)

Talking point: PopReach co-founder and CEO Jon Walsh said the investment will help it “execute against our pipeline of acquisition opportunities,” and eWTP will serve as its special advisor to Asia. CY Chen, a partner of game business at eWTP, said it plans “to help them achieve their global expansion goals.” PopReach, which publishes games that are free to play, has acquired a dozen franchises with 25 different games so far, a spokesperson told The Logic. It is now looking for “game assets that are later life cycle, generating between US$2-10 million in annualized revenues,” among other things. It wants to close one acquisition like that this calendar year and a further two to four next year. Currently, more than 75 per cent of its revenue comes from North America, the company said, noting the “tremendous opportunity” of eWTP’s role and its “deep ties to the gaming community” in Asia, which accounts for close to half of the global gaming market. PopReach started trading on the TSX Venture Exchange as a Tier 1 issuer in July. The company’s shares soared on the news, reaching a high of $1.58—up more than 50 per cent from its prior close of $1.02 in early morning trading.