TreasureHunt closes $6 million series A funding round ahead of Pet Paradise launch
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| Jun 13, 2017 | investment | TreasureHunt | $6m |
Berlin-based mobile game developer TreasureHunt has closed a $6 million series A funding round as it gears up to launch its latest game Pet Paradise.
The funding round was led by German online gaming company The Gauselmann Group, with private angel investors also participating. The money will be used to promote Pet Paradise and build an additional game team.
TreasureHunt was founded by former EA Producer and Lead Designer Kyle Smith in late 2014. It has so far raised $8.4 million in funding.
More than a financial partner
"The Gauselmann Group is a strategic investor and much more than a financial partner. They understand our players deeply and will enable us to scale globally, in a way we couldn’t do alone," said Smith.
"We look forward to announcing more partnerships in the near future that will add significant value for both parties."
Earlier in 2017, Smith wrote an article for PocketGamer.biz about starting his own game company. He stated that "starting a games studio is idiotic, brutal, stressful and you should totally do it."
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