Intellivision Amico’s future is questioned as new investment campaign ends early
New doubt has been cast over the Intellivision Amico‘s release, after the company cut a new investment campaign short.
The system, which was originally due to be released in October 2020 but has suffered numerous delays since then, is still without a release date despite having already sold some physical games.
In an attempt to raise new investment of $5 million for the system as it seemingly nears release, Intellivision launched a campaign on Start Engine offering shares in the company.
However, the campaign has been ended early, two months earlier than its closing date, with just $58,001 raised from 54 investors.
Tech journalist Sam Machkovech tweeted that they believed the early closure was “about as bright and red a flag as it gets in the world of unreleased tech hardware”.
“My guesses [are that Intellivision] realised investment momentum had frozen, [that] they get the money sooner if they conclude ASAP [and that] claiming and spending this money is the last step before bankruptcy filing.”
The Amico system was originally due to release in October 2020, but the COVID-19 pandemic pushed this back to April 2021, then again to Fall 2021.
In August, Intellivision emailed pre-order customers and told them it had been delayed for a third time, and would be released on a yet-to-be confirmed date at the end of 2021, a deadline which has clearly also since been missed.
The company even started selling eight of its boxed launch games back in October, despite the console not yet having a release date.
In an extensive interview with VGC last year, then-CEO Tommy Tallarico explained that the Amico is specifically aimed at families, in that its entire ecosystem and game library revolves around safe, family-friendly gaming.
To accomplish
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