March 10, 2016 0 Comments
Surpercell, a gaming company based in Finland, announced it earned $924 million in profits and $2.3 billion in revenue in 2015 from its mobile app games Boom Beach, Hay Day and Clash of Clans. Clash of Clans is one of the highest grossing mobile games of all time and Supercell itself is one of the most valuable gaming companies in the world. Softbank, which bought a $1.5 billion stake in the company in 2013, bought an additional 22% stake at a valuation of $5.5 billion in June last year. Supercell is a unique company in the mobile gaming industry because it has been able to achieve success with not just one game, but three games, considering there are thousands of games to choose from at the app store. The formula to success seems to be a combination of well-made games, which are free-to-play, addictive, have beautiful art and don’t take up too much of your time.
You can read more about Supercell here.
December 23, 2014 0 Comments
PuzzleSocial, the creator of the “Daily Celebrity Crossword,” a popular mobile games app with more than a million users in the U.S., has raised $3 million in a round led by KiwiTech. Unlike other mobile gaming startups that raise funds in order to create more hit apps, PuzzleSocial aims to invest and further grow its Daily Celebrity Crossword. According to the company, the Daily Celebrity Crossword app is currently the No. 1 grossing digital crossword app in the U.S. The game combines traditional crossword puzzle with social features that allow users to challenge other players to complete the daily puzzles. Content is also always fresh. The company has a team of more than 30 writers to make sure that there’s a new puzzle every single day. To keep their users engaged, the company makes certain that the content is always fun, easy to understand, and provides high quality pop culture entertainment. You can read about PuzzleSocial’s funding here.
November 17, 2014 0 Comments
You can read about Execution Lab’s funding, Scopely’s funding and the acquisition of Big Fish Games.
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