San Francisco-based mobile gaming startup Funzio had just come off making more than $5 million in sales per month when it sold to Japan’s GREE for $210 million last week. Profits may be another story, and there’s less visibility into that. But Funzio had to decide between raising additional funding or selling at the time the deal happened.
The numbers were revealed in GREE’s earnings… → Read More
Japanese gaming giant GREE just acquired mid-core, mobile game developer Funzio for $210 million in an all-cash deal that should boost its ability to build games for Western audiences. Funzio is behind Crime City, Modern War and Kingdom Age, which are graphical RPGs that have had more than 20 million downloads on Apple’s iOS, Android or Facebook platforms.
San Francisco-based social gaming outfit Funzio has raised $20 million in its first round of institutional funding, TechCrunch has learned. The Series A financing round was led by IDG Ventures and China-focused investment firm IDG Capital Partners.