Finnish Game Studio Small Giant Games Completes $3.1M Equity Investment Round
New game studio with a differentiated approach to casual gaming now backed by Spotify investor Creandum, PROfounders, Spintop Ventures, Capital A Partners and a group of private investors
Helsinki, Finland, October 22, 2014 - Finnish game studio Small Giant Games today announced the completion of their investment round. The company raised $3.1 million for launching their first game and for development of several new titles. The lead investor of the round was Stockholm and Palo Alto based Creandum, followed by PROfounders, Spintop Ventures and Capital A Partners. A group of private investors also joined the round, including Gregory Milken and Risto Siilasmaa.
“It’s not possible to succeed in the fiercely competed mobile games market just by copying existing popular games – you need to create new and unparalleled game features and experiences, which shape the existing genres and create entirely new ones. One of our goals is to raise the quality of character animations in mobile games to a new level”, Small Giant Games CEO Timo Soininen says. “We are thrilled to get experienced investors to back our vision of creating beautiful and engaging multiplayer games with small focused teams.” Soininen continues.
Small Giant Games was founded in early 2013 by a group of Finland's leading game designers, developers and graphic artists. Currently the team is finalizing its first title Oddwings Escape, which is aimed to launch globally in the beginning of 2015. The deeply engaging new type of flying game combines innovative one-touch control mechanics with highly detailed graphics and rich physics enhanced character animations.
“We were impressed by the Small Giant team and the approach they’ve taken with their debut title”, Daniel Blomquist from Creandum comments. “We are confident that the team’s strong technical, visual and animation expertise, and the fresh approach to free to play mechanics will result in a series of original and successful casual games.”
The company is looking for experienced game designers and developers to join the team for new game projects.
Timo Soininen, CEO, Small Giant Games
Tel: +358 50 5648 269
Merja Turpeinen, SagaSocial PR
email@example.com, tel: +358 40 5840 542
About Small Giant Games
Small Giant Games, based in Helsinki, Finland, was founded in early 2013 by a group of Finland's leading game designers, developers and graphic artists. The founding team has over 30 years of combined free to play game development experience from Habbo Hotel, one the world’s largest free to play social games and online communities for teenagers. Small Giant focuses on creating unforgettable gaming experiences, filled with fabulous characters, rich animations, and beautiful graphics aimed at the casual audience. The studio’s first title Oddwings Escape will be launched in the beginning of 2015.
Creandum is the leading Nordic based venture capital firm investing in innovative and fast-growing technology companies within consumer, software and hardware industries. The firm has over €260M under management and has over the last decade invested in more than 45 companies including Spotify, Cint, Edgeware, iZettle, Vivino and Videoplaza. For more information, please visit www.creandum.com.
PROfounders Capital is a London-based, early-stage venture capital firm backed by successful entrepreneurs. With a focus on the digital media and technology space, PROfounders' investors number some 20 of the best-known founders within the European Internet space. The fund's aim is to invest in and support new businesses with capital plus proactive advice and expertise in order to create long-term value and promote entrepreneurism. PROfounders investments include Made.com, onefinestay, GetYourGuide , Tweetdeck (acquired by Twitter), Moves (acquired by Facebook) and Applifier (acquired by Unity). For more information, please visit www.profounderscapital.com
About Spintop Ventures
Spintop is an early-stage venture firm investing in Nordic technology companies, supported by a unique and active network of successful technology sector entrepreneurs. For more information, please visit www.spintopventures.com
About Capital A Partners
Capital A Partners, "Cap A", is an early stage, US based VC firm with a presence in Stockholm, Sweden and Charleston, SC. Cap A has invested in 12 companies in the US and Nordic region with Fund I and looks for unique technologies or products with a global customer base, in the software, industrial and consumer sectors. For more information, please visit: www.capitalapartners.com