Sections

HTML5 game developer FRVR secures $3m funding

Seed round led by Accel, Makers Fund and angel investors, will be used to enter Asia and other new markets

Malta-based games studio FRVR has completed a round of funding that will boost the firm's international capabilities to the tune of $3 million.

The money will be used to bring FRVR's titles to new markets, with a particular focus on entering Asia, as well as targeting new and emerging platforms. The company is already on course to release its games on widely used Chinese messaging service WeChat.

There are also plans to make key hires across the studio's various offices in London, Copenhagen, Seville and its home market of Malta.

The seed round was led by investment firms Accel and Makers Fund. It also saw support from angel investors including Paul Heydon, previously co-founder of London Venture Partners, and Unity founder David Helgason.

Founded in 2016, the developer specialises in HTML5 games that can be played in browsers and on chat platforms such as Facebook Messenger, or downloaded from mobile app stores.

It has 32 casual titles across various marketplaces, with its biggest hit - Basketball FRVR - racking up 5.6 billion play sessions since its launch last year. There are 19 more titles in development.

"Our platform enables game creators to build titles that, once made, can be seamlessly pushed out across a wide variety of platforms," said CEO Brian Meidell. "Today's investment will help us create new opportunities to reach millions more players worldwide, expand to new markets, and support exciting relationships with a range of world-class partners. We're thrilled to have investors with such stellar reputations on board."

Related stories

Apple reveals game subscription service Apple Arcade

Program to launch this fall with focus on new, premium titles

By Rebekah Valentine

Digi-Capital projects worldwide game revenues to hit $200b by 2023

Firm believes mobile gaming could top $100b on its own in five years, with PC hardware/software the next largest sector

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.