Deal

Motor World Car Factory dev Oh BiBi raises $4 million

Date Type Companies involved Size
June 30th, 2014 investment Gumi Inc.
Oh Bibi Socialtainment
TIME Equity Partners
$3m
Motor World Car Factory dev Oh BiBi raises $4 million

Set up by ex-Gameloft veterans, French F2P mobile developer Oh BiBi has announced a $4 million (3 million euro) funding round.

Two companies were involved: French investor Time Equity Partners and Japanese game publisher Gumi.

As part of the deal, Gumi will work with Oh BiBi in terms of its games such as Motor World Car Factory  (which was published by DeNA's Mobage platform) and future releases.

All together now

Originally founded by Gameloft creative director Stanislas Dewavrin, Oh BiBi bulked up in 2013 when ex-Gameloft director of content and innovation Martial Valéry - who had worked on games like Asphalt  and Despicable Me: Minion Rush  - joined.

"We are confident in the success of Oh BiBi's next games," commented Gumi's CEO Hironao Kunimistu.

"Thanks to our expertise in the sector, we will provide them with operational support, its team being totally free of making its own choices."

"We are convinced that TIME's expertise in the media sector and in helping startup grow, combined with gumi's expertise in the mobile gaming market, will accelerate our development process. We could not dream of a better alliance, and we are delighted to have such experts working at our side," added Valéry.


Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

Comments

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