Austin, Texas - Heatwave Interactive, an independent game developer start-up focused on titles that crossover to film and television, announced on Tuesday that it has raised a $7.5 million first round of financing from Syncom Venture Partners.

Austin-based Heatwave was co-founded by former Electronic Arts and Sony Online executive Anthony Castoro, and entrepreneur Donn Clendenon.

"We internally fund the development of new concepts and screen them through an exhaustive evaluation process," said Heatwave CEO Donn Clendenon.

"Once a concept makes it through this process, Heatwave raises development funds, partners with talented developers and leverages strategic relationships to bring our products to market."

The company said the funding will go towards its Central Studio, which will develop new and licensed video game properties for exploitation across multiple media channels.

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