Finnish dev Traplight raises $1.4 million for its user-generated-focused debut Big Bang Racing
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| Dec 2, 2015 | investment | Finnvera Ventures Capital Initial Capital Sunstone Capital Traplight Games | $1.4m €1.3m |
Finnish mobile developer Traplight, a studio focused on making games which leverage user-generated content, has announced it has secured €1.3 million ($1.4 million) in its second round of funding.
This brings the company's total investment up to €2 million, which will be used to work on its upcoming puzzle-racer, Big Bang Racing, due out in 2016.
Leading the second round investments was Initial Capital, a London based tech investor which has previously invested in Supercell and Glu Mobile, as well as previous investors Sunstone Capital and Finnvera Venture Capital.
Innovative approach
"We are really excited to be investing in Traplight”, said Shukri Shammas, Founder & Partner of Initial Capital.
“We believe the team's talent, experience and innovative approach to user-generated content will allow them to differentiate in the increasingly crowded mobile gaming space.”
Angel investor Kenrick Drijkoningen and former investor Henric Suuronen also contributed, along with Tekes, the Finnish Funding Agency for Innovation, which runs a Young Innovative Company funding programme that Traplight is part of.
Massive target market
“The team at Traplight impressed me with their relentless focus on quality and user experience,” said angel investor Kenrick Drijkoningen, former Nonstop Games and King user acquisition and digital marketing expert.
”I believe there is a massive target market for this game and the players will respond well to the casual gameplay and amazing art.”
“We are thrilled to get further game industry talent and expertise on board at Traplight” said Riku Rakkola, CEO of Traplight.
“The funding will help us finalize our debut title which is scheduled to launch in 2016, and it provides us the opportunity to concentrate on new game projects.”
Traplight previously raised $500,000 in 2014, back when the game was called What on Earth?. The game, under its new name Big Bang Racing, is already in soft launch in Singapore and the Philippines.
Traplight were one of the pitching teams at 2015's PG Connects London Finnvestor Pitch event.
Join us at PG Connects London 2016 (18-19th Jan) where 20 more top studios are pitching for investment.
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