Australian company buys arcade games company with $10M in VC fund

The company that made Donkey Kong, Donkey Kong Jr and Super Mario Brothers was acquired by a venture capital fund led by investors led by the family of legendary arcade games developer and entrepreneur Tony DiCiccio, according to a filing in the US District Court for the Southern District of New York.

The DiCicios’ investment is part of a larger $10 million round led by an Australian firm called Newell Associates, which is also listed on the Newell Capital website.

DiCiccios and his family founded DiCiaco Electronics in 1984.

The DiNocio family has been involved in video games since the 1960s, producing arcade games and later the first computer games in the 1980s.

DiCicio founded his company in 1984 to produce arcade games for the Atari 2600, Atari 7800 and Atari ST video game consoles, and he sold the company in 1991.

The company produced about 400 arcade games in its history, including Super Mario Bros. 3 and Donkey Kong.

DiNocios said the DiCichos were pleased to see a large investment in the gaming company.

“Tony and I have been extremely happy about this investment,” DiCiocolos said in a statement.

“It will give us an incredible opportunity to bring this amazing gaming history back to life, as well as bringing us into a world where we can provide an even greater level of enjoyment to our customers and gamers around the world.”

DiNoco’s stock is up $2.75 in premarket trading, or 0.5 per cent.

The investor, Newell, is led by John DiCocio and includes Michael DiNoco, son of Tony DiNiccio.

DiCuCio is a New York-based investor who also sits on the board of the DiNoca Group, a company that makes video game accessories.

DiCs company has been working on its arcade games division for several years, and last year DiCinocios announced that it was looking to make more games in video game hardware.

“The DiCuis gaming and video game software business will become one of the largest software business segments in the United States, and we are confident in the prospects for success,” DiCuIs co-founder and chairman of the company, Jim DiCucci, said in the company’s announcement.

Shares of DiCICo rose 2.5 points, or 4 per cent, to $19.84 on the Nasdaq.

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