Sections

Firefly Games raises $10 million more

Rush of Heroes publisher will invest funding in movie-based games, VR, eSports

When Firefly Games raised $8 million last year, its focus was on bringing successful games from the Asian market to the West. Today, Venture Beat reported that the publisher has raised an additional $10 million, and is now also looking to bring some Western content to Asia.

According to the report, Firefly will be using the second investment round--led by China Construction Bank International Holdings with participation by China Credit Limited Holdings--to diversify its business, building games movie-based games while branching out into VR and eSports. The company already has one team working on a game based on "a major Hollywood intellectual property," and Firefly wants to establish a Chinese VR publishing subsidiary to bring promising VR content from around the world to Asian markets.

As part of the funding round (which Firefly said places the company's valuation at $100 million), China Construction Bank and China Credit will see representatives added to the board of directors. At the same time, Firefly is adding co-founder and chief strategy officer KJ Lin to the board, as well as Firefly China CEO Qinyan Hu.

Related stories

Rovio's value halves following investor exodus

Angry Birds developer cites spiralling user acquisition cost for profit forecast shortfall

By Haydn Taylor

New Angry Birds game targets esports-style cash tournaments

Skill-based games company WorldWinner partners with Rovio in big mobile push

By Christopher Dring

Latest comments

Sign in to contribute

Need an account? Register now.