Intellivision cuts latest Amico fundraising campaign short, setting alarm bells ringing Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Intellivision cuts latest Amico fundraising campaign short, setting alarm bells ringing Weeks after admitting it might not last beyond July. News by Matt Wales Reporter Updated on 1 Mar 2022 25 comments Intellivision has cut its latest fundraising campaign for the still-unreleased Amico console short, setting yet more alarm bells ringing over the troubled machine's future. The Amico, designed as a low-spec console with a family focus, was announced in 2018 and initially expected to arrive in October 2020. However, the machine has since been thrice-delayed, with still no sign of a launch in sight. Worse still, a recent SEC filing highlighted "significant debt" for Intellivision and suggested that, having made no revenue since its inception, the company may not be able to operate beyond July 2022 without additional funds - despite 6,000 pre-orders for Amico still being unfulfilled. Intellivision's SEC filing preceded another round of fundraising for the Amico, in which the company was looking to raise $5m USD in capital through Start Engine. 21 days into the campaign, however, Intellivision has now called time, raising just $58,001 from 54 investors. Watch on YouTube Amico - Physical 'Boxed Edition' Product Reveal. As Ars Technica tech culture editor Sam Machkovech (who has been closely documenting the unfolding Amico story) noted on Twitter, Intellivision's decision to close the campaign early and take the money rather than holding out the full three-month term is as "bright and red a flag as it gets in the world of unreleased tech hardware." It's another curious episode in an ongoing saga filled with curious episodes, including Intellivision's decision to start selling boxed copies of Amico games last October (charging $79.99/€79.99 for four games set to retail for less than half that digitally), despite the fact there was, and still is, no release for the console in sight. All Intellivision said at the time is that it expected the machine to arrive "in the upcoming months". In February this year - following the announcement Intellivision CEO Tommy Tallarico had left his role - the company provided an update, insisting production for the much-delayed Amico was just beginning. However, with July growing steadily closer and just $58,000 added to Intellivision's coffers following its recently aborted funding campaign, it's unlikely confidence in the company's statements will be restored until units are in purchasers' hands. Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Overwatch 2 suffers another DDoS attack and character roster bugs Mei Mei. 7 Nintendo Switch firmware update lets you take screenshots in the Switch Online app The app on your console, not your phone. 7 Latest Articles Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Jelly Deals Logitech's G Pro X gaming headset is its lowest-ever price during Amazon's Early Access sale Prime Members can get it for just £52. Jelly Deals Save over £500 off the retail price on this beefy ASUS TUF Dash gaming laptop from Amazon Under £1080 for an RTX 3070 laptop. Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store