Netcapital portfolio company acquires Spellbook Studio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2025
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Should l Buy NCPL?
Acquisition Announcement: Netcapital portfolio company Zelgor has acquired Spellbook Studio, known for creating The Infinite Black and The Infinite Black 2, which has a player community of 120,000.
Revenue Expectations: Zelgor's CEO, John Fanning Jr., stated that this acquisition is expected to generate sufficient revenue to ensure the sustainability of Zelgor's ongoing operations.
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Analyst Views on NCPL
About NCPL
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. It provides private company investment access to accredited and non-accredited investors through its online portal (www.netcapital.com), which is operated by its wholly owned subsidiaries Netcapital Funding Portal, Inc. and its broker-deal subsidiary, Netcapital Securities Inc. In addition to access to the funding portal, it provides services, including a fully automated onboarding process; automated filing of required regulatory documents; compliance review; a custom-built offering page on its portal Website; third party transfer agent and custodial services; e-mail marketing to its list of investors; rolling closes, which provide potential access to liquidity before the final close date of an offering; assistance with annual filings, and direct access to its team for ongoing support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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