Angry Birds Developers Raised Huge Funds For Boomlagoon

Posted: May 6 2014, 1:44pm CDT | by , in News | Gaming

Angry Birds developers raised huge funds for Boomlagoon
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Boomlagoon is a Finnish game studio created by former Angry Birds creators

After much success of the game, the former Angry Birds creators gave birth to Boomlagoon which is a Finnish game studio. As surprising as it might sound, the game studio has managed to raise $3.6 million in funding to build mobile games. Much of this funding is from European investors Northzone, Inventure, and 360 Capital Partners and some existing investors have also been joined including angel investor Jari Ovaskainen and London Venture Partners.

Torleif Ahlsand, a general partner at Northzone recently stated that “We have been very impressed by the Boomlagoon team and believe they have a unique understanding of how to drive casual mobile games to broad markets. All games from Boomlagoon are based on memorable characters and a clear strategy on monetization. I really look forward to joining the board to work with them to make their ambitious goals a reality.”

The creation of this game studio was the result of the ideas put together by three former Rovio team members who had previously worked on Angry Birds. They created Boomlagoon back in 2012 and it now has eight employees, and it is near to announcing its next game. Noble Nutlings, the first game of the company, has started off with the right foot as told by Antti Stén, the CEO of Boomlagoon, in an interview with GamesBeat. “The legacy of successes by our investors is another indicator that our team is on the right track,” said Stén. “We’re thrilled to have them aboard, helping us bring engaging character-driven games to global audiences.”

“Boomlagoon has a well-defined, proven mobile gaming strategy, centered around very strong original [intellectual property] that connects consumers worldwide,” said Fausto Boni at 360 Capital Partners. “We still see tremendous upside in the mobile games business and see them being a strong part of this future growth.”

source: venturebeat

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.




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