Finnish mobile game developer, Small Giant Games announced it receieved $41 million from lead investors EQT Ventures, PROfounders and Spinop.
The funds will be used to build out the company’steam and successful mobile strategy. Small Giant Games launched Empires & Puzzles just under a year ago, back in March 2017. Since then, the game has become one of the top 100 grossing mobile games, with $33 million in revenue and an estimated 10 million downloads.
To date Small Giant Games has received just over $50 million in funding. Previous funding rounds have included $5.7 million in March 2017 and $3.1 million in 2014.
Small Giant Games CEO, Timo Soininen explained to PocketGamer.biz how it plans to spend the investment.“We will continue to develop and innovate Empires & Puzzles and need more team members to take the game to the next level,” Timo Soininen
“Additionally we will continue to increase the marketing and live operations activities for the game and will start promoting it in new territories. We are also starting the design and development of our next game now and are staffing for that.
“As we are already profitable, a large part of the investment was in secondary share purchases by our investors from the whole team of Small Giant. This was a perfect solution for us as our principle has always been to reward everyone in the team. We can now focus fully to take the game and our company to the next level.”
Check out the M2 Directory Profile for: Small Giant Games