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Next Games completes first round of investments

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Staff writer ▼ | March 12, 2014
The Finnish games company Next Games has successfully completed its first external investment round raising $6 million in financing from a list of institutional, strategic and private investors.
Next Games
Next GamesThe Finnish games company Next Games has successfully completed its first external investment round raising $6 million in financing from a list of institutional, strategic and private investors.


The studio has begun by crafting two games, one of which is the recently announced collaboration with AMC Networks Inc. on a mobile game based on the successful TV drama, The Walking Dead. It was founded by design veterans from Rovio, Supercell and Disney.

Next Games' Series A funding round was co-led by IDG Ventures and the company's original investor, Jari Ovaskainen, who was also an early investor in Supercell. Joining them is Lowercase Capital, making one of its first ventures into the mobile game sector.

Additional funding has also been provided by Asia based IDG Capital, AMC Networks Ventures LLC, and freshly minted VC firm York Ventures LLC, a recently established early-stage venture vehicle backed the by the Gores brothers, Alec, Tom and Sam; well-known figures in the private equity and entertainment worlds and managed by digital media entrepreneur Peter Levin.

More than a dozen individual financiers, including former Microsoft CMO Mich Mathews, Initial Capital's Ken Lamb and eOne's President & CEO Darren Throop, backed the startup's business plan, as well as executives from a handful of venture capital and entertainment media companies.


 

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