Back in 2016, when Kolibri Games first launched as Fluffy Fairy Games, the co-founders Janosch Sadowski (co-CEO), Daniel Stammler (co-CEO), and Oliver Löffler (CTO) received a lot of pushback from the industry for applying a lean startup methodology to the development of a game. “People in the industry said that you can’t release a game […]
MY.GAMES, a subsidiary of Mail.Ru and one of Eastern Europe’s leading online entertainment brands, has announced its acquisition of Minsk, Belarus-based studio SWAG MASHA, which is behind popular mobile title Love Sick: Interactive Stories. With more than three million registered players around the world, the game was SWAG MASHA’s first ever released (last January). MY.GAMES […]
Helsinki-based Surrogate.tv, which bills itself as a “reality-focused game development and video streaming technology company”, has raised $2 million in a seed round from early Supercell backer Initial Capital, early Small Giant Games backer PROfounders Capital, Brighteye Ventures and Business Finland. With the money, the fledgling company says it aims to bring real-life online gaming […]
Rovio, the Finnish company behind the Angry Birds franchise, has invested $3 million in a VC fund managed by Play Ventures, a firm founded by video game entrepreneurs Harri Manninen and Henric Suuronen last year. All in all, the fund’s size is $30 million dollars, and the scope is straightforward: Play Ventures aims to back […]
Irish augmented reality (AR) gaming startup WarDucks has raised €3.3 million in a funding round led by EQT Ventures, with participation from Suir Valley Ventures and other investors. The startup will use the capital injection to fuel the development of its yet unnamed location-based mobile AR game. Founded by Nikki Lannen, who used to be […]
German gamedev startup Klang has secured an $8.95 million Series A funding round led by Northzone, with participation from Makers Fund, Novator, and firstminute capital. The capital injection will support the development of the company’s new massively multiplayer online (MMO) title, Seed. Co-founded by game developers who used to work on the massively successful MMO […]
Teatime Games, an Icelandic social gaming company, has raised a $7.5 million Series A funding round, along with a $1.6 million Seed round, both led by Index Ventures. The venture capital firm Atomico also participated in the Series A round. Guzman Diaz of Index Ventures, Mattias Ljungman of Atomico, and David Helgason, founder of Unity […]