Finnish gaming companies have a strong record of on mobile, and the latest example is Small Giant Games, which is announcing today that it has raised $41 million in funding. The Helsinki-based studio of Empires & Puzzles has seen its first game generate more than 10 million downloads and $33 million in revenue in less than a year.
The money comes from lead investor EQT Ventures and existing investors Creandum, Spintop Ventures, and Profounders. Small Giant Games will use part this to expand internationally, expand its developer and graphic designer staff, and continue to invest in Empires & Puzzles.
Small Giant Games CEO Timo Soininen said in an interview with GamesBeat that Empires & Puzzles took off in part because the company designed a game that was easy to play, using the familiar match-3 mechanics with a fantasy role-playing game full of light-hearted characters. Soininen and a crew of mobile game veterans started the company in 2016, and they launched Empires & Puzzles in March, just 11 months after getting started.
Soininen said the success of Empires & Puzzles just 10 months after its launch has made the company profitable. “It’s a significant milestone in a super-competitive market full of big boys,” Soininen said.
“We are still quite small and are punching above our weight. It shows that if you have a high-quality team with the right tools and organize them well, things like this can happen.” About 33 percent of the user base is active on a monthly basis, and a million players come back every day. Read more from venturebeat.com…
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