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$8 million in funding for Bet Tycoon dev Crowdpark

Aims to expand team and create new social betting titles for multiple platforms

Crowdpark has brought its funding total to $8 million, after recently securing $6 million from European investors Target Partners and Earlybird Venture Capital.

"Crowdpark is defining an entirely new genre of social betting games based on actual events," said Ingo Hinterding, co-founder and CPO for Crowdpark.

"Two of Europe's leading VC firms -- Target Partners and Earlybird -- share our vision. We aim to extend our growth and build amazing games based on our dynamic betting technology, and in other hot growth categories such as casino games."

Focused on merging betting and social gaming, Crowdpark's Facebook product, Bet Tycoon, currently has 20,000 daily active users and 480,000 monthly active users.

"Crowdpark's technology, and its idea of bringing legal betting to different platforms, is unique," said Waldemar Jantz of Target Partners.

"They bring together the elements of a successful company: the right team, new technology and the chance to disrupt the social games market."

The secured funding will go towards building new technology, developing new titles, expanding he current team and work towards cross platform products.

"We invested in Crowdpark because we liked the idea of bringing betting to the social arena and thus tapping into three huge markets -- where social and mobile gaming meet online betting," said Dr. Christian Nagel, co-founder and managing partner at Earlybird.

"Within one year, the Crowdpark team has achieved leadership in this space through innovation and diligent execution. We felt very confident in investing in Crowdpark again to support further growth."

Crowdpark is based in Germany with an office in San Francisco and launched in 2009. Christoph Jenke is the current CEO.

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Rachel Weber

Senior Editor

Rachel Weber has been with GamesIndustry since 2011 and specialises in news-writing and investigative journalism. She has more than five years of consumer experience, having previously worked for Future Publishing in the UK.

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