Mobile Games Company, Boomlagoon announced that it has secured $3.6 million USD in its latest Series A investment round. The round was led by Northzone, with additional funding partners Inventure and 360 Capital Partners. The three firms join existing angel investor Jari Ovaskainen and London Venture Partners, who also participated in this round.
Based in Helsinki, Boomlagoon was formed in 2012 by three former Rovio team members behind the global phenomenon, “Angry Birds,” which drove billions of game downloads and spun out into licensed merchandise. Since then, the company has grown to eight members, and is currently on the cusp of its next game announcement, following the success of its mobile game debut, Noble Nutlings.
“Boomlagoon has a proven mobile gaming strategy, centered around very strong original IP that connects consumers worldwide ” said Fausto Boni at 360 Capital Partners. “We still see tremendous upside in the mobile games business, and see them being a strong part of this future growth”.
The funding will allow Boomlagoon to expand its team, and develop a strong portfolio of
character-driven titles – the first of which, will be announced in May.
For more details please refer to the Press Release.