News

HTML5 developer Big Viking Games seeks further $60 million funding after raising $21.75 million

Date Type Companies involved Size
November 3rd, 2016 investment Big Viking Games $21.8m
HTML5 developer Big Viking Games seeks further $60 million funding after raising $21.75 million

HTML5 developer Big Viking Games has raised $21.75 million in funding.

The Ontario-based studio also plans to raise a further $60 million as it looks to partner with developers, publishers, agencies and brands to develop HTML5 games for mobile.

The developer aims to spend the money on acquiring other companies and increasing its own production capabilities to bring its instant gaming engine to a broader audience.

"HTML5 is the future"

The current investment round was led by Royal Bank of Canada, in partnership with Export Development Canada, which provided $18 million in financing in 2016.

BDC Capital’s Growth and Transition division also contributed $3.75 million in an earlier funding round. This figure has since been repaid from the studio’s profits.

“We truly believe that HTML5 is the future, and the indications from the industry are definite signals that we are on the right track,” said Big Viking Games CEO Albert Lai.

“Four years ago, people thought we were making a mistake by investing millions of dollars into HTML5 technology, but we always felt this was inevitable and knew we had to be properly positioned when it finally happened.”

Big Viking Games was founded in 2011 and now employs 100 staff across two studios in Ontario, Canada based in Toronto and London. The developer has worked on games such as YoWorld, Fish World and Tiny Tappers.


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies
Important information

This site uses cookies to store information on your computer. By continuing to use our site, you consent to Steel Media's privacy policy.

Steel Media websites use two types of cookie: (1) those that enable the site to function and perform as required; and (2) analytical cookies which anonymously track visitors only while using the site. If you are not happy with this use of these cookies please review our Privacy Policy to learn how they can be disabled. By disabling cookies some features of the site will not work.