Tag Archives: Execution Labs

The future of games is mobile

The use of mobile devices is certainly on the rise. Today, more and more people are using their smartphones not just to make calls and send text messages but to also check their emails, surf the internet, listen to music, take photos, play games and a whole lot more. As reported by Mary Meeker’s “Internet Trends”, mobile data traffic rose 81% year-over-year, and that mobile usage now makes up 25% of total web usage. One of the fastest-growing segments in the mobile space is games. According to Digi Capital’s Global Games Investment Review, the entire global games business could be worth more than $100 billion by 2017, with mobile games accounting for 60% of the market share. With quite a bullish forecast, it’s no wonder that mobile games startups all want a piece of the market while investors are placing big bets on the most promising startups. Last week, Canada’s Execution Lab raised a $5.3 million in funding, California-based Scopely raised $35 million in Series A, and Churchill Downs Incorporated announced its acquisition of Seattle-based Big Fish Games for $885 million.

You can read about Execution Lab’s funding, Scopely’s funding and the acquisition of Big Fish Games.