Finnish mobile gaming company Armada Interactive completed another seed round of $7 million. This comes after raising $3 million in April 2016, bringing the total raised to $10 million. Korea Investment Partners led the round, with participation from Creandum and existing investors Initial Capital, Index Ventures, PROfounders Capital and Backed.
Hampshire-based games developer has received £2 million from backers including Mercia Technologies and a group of business angels.
Swedish media group MTG has invested in Hamburg-based online game developer, InnoGames, acquiring a 35% stake in the company. MTG has purchased the stake from InnoGames’ founders and Eight Roads Ventures, one of the games firm’s first investors, along with an option down the road to purchase a further 16% by September 2017 which will […]
Editor’s note: This post from East-West Digital News was syndicated with permission. Mail.ru Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic. The LSE-listed group has acquired a 100% stake for $30 million in cash, including $20 million upfront and $10 million deferred and based on performance […]
A great little bootstrapping story: Kaunas, Lithuania-based kids’ app publisher TutoTOONS, has reached 100 million game downloads (of its 200+ games) in less than 3 years after its founding.
A guest post from Romanian technology journalist Andrada Fiscutean, who highlights 11 homegrown startups that we should be keeping a close eye on this year.
Barcelona-based social gaming startup Akamon Entertainment is to be acquired by publicly listed Canadian social gaming software company Imperus for a total of $25 million, Jaime Novoa reports.