LOS ANGELES, CA (March 12, 2018)St. Cloud Capital is pleased to announce an investment in Eugene, Oregon-based Pipeworks Studio (the “Company”).  It is an investment out of St. Cloud’s third fund, which has committed capital of $250 million.

The Company partners with top-tier gaming publishers and Fortune 1000 companies to develop world-class games, innovative interactive technology, original IP, advanced virtual reality / augmented reality, and artificial intelligence-driven simulations.  The Company has a reputation for innovation and solving the toughest problems making the company uniquely positioned to support a variety of industries seeking game-changing solutions to interactive technologies.

St. Cloud Capital, along with Northern Pacific Group and DGB Investments, supported the existing management team to complete the purchase from Digital Bros, an Italian game publisher that acquired the Company in 2014. John Schappert, CEO of Shiver Entertainment and former COO of Zynga and Electronic Arts, will join the board of directors and mentor the Company’s management team by leveraging his 20 plus years of industry expertise.

Lindsay Gupton, Chief Executive Officer of Pipeworks Studio, welcomes the infusion of veteran partners to help the Company navigate innovative growth opportunities. “We couldn’t be happier with the investment team backing Pipeworks,” said Lindsay. “This is an exceptional leadership group that will empower us to reach the next level in our mission to be the most innovative game development studio in the world. We’re thankful to St. Cloud, for the opportunity and to Digital Bros for their continuing support, and look forward to a great future together.”

Kacy Rozelle, co-founder of St. Cloud Capital adds: “We are extremely pleased to facilitate Pipeworks’ next chapter of growth in partnership with NPG, DGB, Lindsay and the management team.”

For more information about Pipeworks Studio, please visit

About St. Cloud Capital

St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common equity. St. Cloud’s investment discipline includes non-control and control investments, and involves partnering with strong management teams or experienced industry entrepreneurs. For more information about St. Cloud Capital, please visit