Walking Dead dev Next Games raises $10 million
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| Jan 27, 2016 | investment | IDG Capital Partners IDG Ventures Lionsgate Lowercase Capital Next Games | $10m |
Riding high on the success of The Walking Dead: No Man's Land, Finnish developer Next Games has announced it's closed a $10 million funding round.
Raised from its existing investors, the round was led by IDG Ventures and Jari Ovaskainen, and backed by AMC Networks, Lionsgate, Lowercase and IDG Capital.
It brings the developer's total funding to $18 million.
"2015 was a banner year for Next Games. We succeeded in attracting senior international talent, growing from 45 to 70 employees, while launching two highly successful products: The Walking Dead: No Man's Land, based on AMC's blockbuster TV series, and Compass Point: West," said CEO Teemu Huuhtanen, Next Games.
"We are thrilled to see our existing investors fully committed to supporting Next Games' ambitious expansion plans for 2016 and beyond."
What's next?
The funding will see Next Games building on its live titles, as well as accelerating the launch of its third unannounced title, which is currently in development.
The Walking Dead: No Man's Land has been downloaded over 10 million times, and has performed well on the top grossing charts for iOS and Google Play.
Compass Point: West is the first in a planned four-strong series, and was in the vanguard of mobile games monetising and retaining their players via incentivised video adverts.
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