Gamelion parent BLStream gets 5.5 million euro investment for new tech and acquisitions

BLStream, the mobile services and infrastructure company that owns developer Gamelion, has announced a €5.5 million ($7.2 million) investment .

The money comes from Enterprise Investors, a Polish-based fund that specialises in Eastern European investments.

It now takes a 35 percent stake in BLStreams.

Rising tide

Headquartered in Finland, but with its main development offices in Poland, BLStreams says it will use the investment to develop new software as well as considering potential investments.

It employs 250 staff and said turnover rose 50 percent in 2011 to €10.5 million (around $13.5 million).

In terms of its games business, Gamelion has been a strong support of DSiWare, releasing 10 games for the platform. It says it will continue to support 3DWare.

Its most popular smartphone games are Doodle Fit and free-to-play title Monster Shooter.

Fuel the fire

"Securing such an experienced and credible investor as Enterprise Investors is a great achievement for us," comment BLStream founder Samuli Koski-Lammi.

"Due to the rapid growth in mobile device usage worldwide, BLStream wants to accelerate growth through rapid acquisition of new customers.

"To achieve this goal faster we needed a partner that could provide additional capital and support our further growth, as well as help us attract top talent and find acquisition targets."

[source: Enterprise Investors]