Gamee Raises New Round of Capital

As the world becomes more and more connected, the amount of people that are looking for fun ways to connect with others online is growing. One way that people now socialize like never before is through social gaming. Social gaming is essentially any video game or online game in which people participate with each other, either in the form of a team or against one another.

 

In recent years, many different application and video game developers have come out with new social gaming platforms. One social gaming platform that has continued to grow in popularity and size is Gamee, which is based out of Prague. A recent news story (http://www.pocketgamer.biz/news/65409/gamee-raises-2-million-usd/) has reported that this company now has raised enough capital to allow it to continue to develop new games and applications.

 

Over the past few months, the company spent time trying to raise capital from new outside investors. The company has recently announced that it has raised about $2.15 million in a new round of funding. The investment funding round was led by venture capital firm, Initial Capital. The company also received a few different angel investments from prominent firms, such as Index Ventures.

 

While the company is still very young compared to its competitors, it has already made a major impact on the industry. Gamee, which was first launched in 2015, has already developed more than 60 different games. They have their own platofm, but also use a variety of other platforms including Facebook Instant Games. The company is one of the most popular gaming companies in the world as it has over 500 million different games played on a daily basis. Further, the average user spends more than 30 minutes per day playing their games, which shows a great level of user engagement.

 

Today, all of the games that they company makes are free to the player. The company has continued to find new revenue streams through developing brands with major sponsors, such as NASA and Coca Cola. Also, in November 2016, the company was named one of the key launch partners for the new Facebook gaming platform.