With an aim to make a greater impact in the west, Chinese developer Cocoa China has closed its second funding round, worth $14 million.
The studio is best known for freemium hit Fishing Joy, which has amassed a userbase of 10 million across Android and iOS since it launched in July, and is a top grossing game in China.
The firm has also made a name for itself in its home country by playing host one of the largest iOS developer communities in China, giving it the potential to become a publisher or even offer platform and monetisation services.
Thirst for freemium
The round was led by Steamboat Ventures, with the Chinese arm of Sequoia Capital - an investor in US social studio Pocket Gems - and Northern Light Venture Capital, which had already injected $1.2 million into the firm in a previous funding round, also involved.
The Cocoa China investment is just the latest in a season of funding rounds and acquisitions of freemium and social gaming studios.
CocoaChina is also playing host to China iOS Mobile Internet Developer Conference, which will kick off on August 27 and feature MD of Pocket Gamer's publisher Steel Media, Chris James.
[source: Inside Mobile Apps]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Top Stories
News
Jun 9th, 2024
PocketGamer.biz Podcast Week in Mobile Games E15 - Star Wars: Hunters finally launches, the West's MOBA problem, and Xbox handheld rumours
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Metacore's Teppo Soininen: “Anybody who has put a game into soft launch knows there’s still plenty of space for f*ck ups.”
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Steam Next Fest: June 2024 Edition | Jun 10th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
WN Conference Istanbul 2024 | Jun 11th | |
ESI London 2024 | Europe | Jun 13th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Game Con Canada (GCC) 2024 | North America | Jun 14th |
Indie Dev Play 2024 | Europe | Jun 14th |