Rovio, the Finnish entertainment media company who famously operates the Angry Birds franchise, has raised $42 million in Series A funding.
The round was co-led by Accel Partners and Atomico Ventures, the VC firm created by Skype co-founder Niklas Zennström, who will be joining Rovio’s board. ‘Super angel fund’ Felicis Ventures also participated.
Currently, Angry Birds is played by 40 million monthly active users. The company has 50 employees in Espoo, Finland – up from 40 in December 2010.
Rovio says the investment will enable the company to increase its reach internationally, and across markets including mobile, social media and other platforms, and via merchandising and media production and partnerships. The company announced earlier plans to roll out an online Angry Birds experience towards next Summer, as well as developing games for all major consoles later in the year.
The company recently announced that sales of Angry Birds plush toys have passed 2 million units. Angry Birds virtual goods are also in demand: 40% of new customers on the iOS platform purchase the Mighty Eagle downloadable content.
(Image credit: Bad Piggy Bank/Rovio – via Laptop-DRV)
Rovio is one of Europe’s leading independent developers of wireless games with an ever-growing portfolio of award-winning titles spanning many genres from casual to core next-gen console IP. Their studio has developed games for some of the biggest names in the mobile space, including Electronic Arts, Nokia, Vivendi, Namco Bandai and Mr. Goodliving/Real Networks. The seeds of Rovio were sown in 2003 when Helsinki University of Technology students Niklas Hed, Jarno Väkeväinen, and Kim Dikert participated in a mobile game...
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