January 24, 2014

PlayRaven receives EUR 1.7 million in funding

PlayRaven’s first game is due for launch in spring 2014.
PlayRaven’s first game is due for launch in spring 2014.

Finnish game studio PlayRaven has received EUR 1.7 million in funding. Bolstered by the investment, the studio intends to expand its team.

The goal of the studio is to offer a more comprehensive range of strategy games for a global audience playing games on mobile devices. PlayRaven intends to focus on new types of game concepts.

“The number of tablets and smart phones has already exceeded the number of televisions,” says Lasse Seppänen, CEO. “We believe that a market of this size expects a wider variety of games and that there is no longer a call for games geared at everyone.”

The investors include Creandum, a Swedish venture capital company, and Supercell’s investors London Venture Partners as well as the angel investor Jari Ovaskainen. Creandum is known for its investments in the Spotify music service and Nonstop Games.

“Thousands of mobile games are launched every day. In my opinion, gamers are looking for something outside the established game concepts,” David Gardner from London Venture Partners explains. We invested in PlayRaven because they have entirely original ideas and high quality standards.”

PlayRaven’s founders have gained experience in the games industry at, among others, Remedy Entertainment, Woogan and Digital Chocolate. The studio’s ambitions include stirring up the current mobile game markets by introducing new themes and graphics solutions and strategy games that apply cutting edge game mechanics. PlayRaven’s first game, Spymaster, is due for launch in spring 2014.

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