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Flaregames raises 6 million euros from Accel Partners

Ex-Gameforge boss readies new company's 2012 line-up

Flaregames raises 6 million euros from Accel Partners

Accel Partners, investors in over 300 companies such as Rovio and PlayFish, has led a funding round for flaregames, the company founded by ex-Gameforge founder Klaas Kersting.

A total of €6 million euros ($7.9 million) was raised, with flaregames set to launch five games by the end of Q2 2012.

Flaregames was set up to create mobile reality games based on virtual and real worlds, combining this with mobile social elements.

It's first game is expected to be social location title Flatmates.

Top of the Klass

"Our first focus is on getting fun, high-quality games to market, and reaching the mass-market as well as mid-core gamers with our line-up this year," said Kersting.

"Our investors see the opportunity for mobile game companies to grow fast and the team's extensive knowledge of the free-to-play gaming market is an asset that will enable us to create new mobile games that are both fun and commercially successful."

Harry Nelis, partner at Accel Partners, added "the mobile games business will likely be larger than the social games business."

"We're backing flaregames because we believe in the team, technology, business model and most of all know that Klaas will drive the company to its full potential as it strives to become a major mobile games company."

[source: VentureBeat]


With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.