Battle Bears studio SkyVu has raised its first round of VC funding, securing backing from Nextview Ventures, Great Oaks Venture Capital and Nebraska Angels.
However, the round was led by Lightbank - an investment fund that usually focuses on early-stage technology companies - marking the firm's first investment in the mobile gaming scene.
Pedal to the metal
Under the terms of the investment, Lightbank partner Paul Lee who invested in Greystripe, Bigpoint and Trion while working for NBCUniversal's Peacock Equity Fund will join SkyVu's board of directors.
Lee Hower, a partner at NextView Ventures, will also join SkyVu's board as an observer.
As for the investment itself, SkyVu plans to use its new capital to ramp up its marketing and user acquisition efforts.
It's worth noting here that the Battle Bears series as a whole has, to date, amassed more than 18 million downloads.
Moving on up
Furthermore, SkyVu plans to open a new office in the San Francisco Bay Area, which will act as a satellite to its existing building in Omaha, Nebraska.
"Our mission has always been to entertain the world with our very own games and timeless characters," explained SkyVu CEO Ben Vu.
"Lightbank has created widely successful companies with thousands of employees worldwide. Their network and expertise will be invaluable to our growth.
"We're fortunate to have created a successful portfolio of games with many games and brands still to come and now is the time to step on the gas."
News
Related Articles
Top Stories
News
Apr 27th, 2024
PocketGamer.biz Podcast Week in Views E09 - Supercell's Squad Busters goes global, Embracer Group splits, and Apple's Vision Pro flops
News
Apr 26th, 2024
Week in Views - Squads busted, Apple crushed, War zoned and Snoozin' with the Snorlax…
Feature
Apr 26th, 2024
Speaker Spotlight: Dubai Future Foundation's Faisal Kazim on leading Dubai's gaming charge
Events
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
News
Apr 23rd, 2024