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Tencent invests in Lockwood Publishing

Chinese tech giant leads a $25 million investment round in the Avakin Life creator

Tencent has led the latest investment round in Avakin Life developer and publisher Lockwood Publishing, according to a VentureBeat report.

The Chinese tech giant joined a number of previous Lockwood investors -- including Novator Partners, Unity co-founder David Helgason, and CCP Games CEO Hilmar Pétursson -- in putting $25 million behind the mobile virtual world publisher.

The deal with Tencent took nearly a year to come together, the report says, so discussions would have started shortly after Lockwood concluded a prior funding round last year.

Avakin Life is said to have 200 million registered players since its 2013 launch, and current job listings note it has more than 1 million daily active players. It has more than 200 employees spread across four offices: Newcastle and Nottingham in the UK, as well as Lithuania and Portugal.


Brendan Sinclair avatar

Brendan Sinclair

Managing Editor

Brendan joined GamesIndustry International in 2012. Based in Toronto, Ontario, he was previously senior news editor at CBS-owned GameSpot in the US.

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