Swedish developer Gaming Corps pivots to acquisition strategy following $10 million investment
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| Feb 23, 2017 | investment | Gaming Corps | $10m |
Swedish mobile game developer Gaming Corps has raised 91 million Swedish krona ($10.1 million) as it changes strategy from development to acquisitions.
The funds have been raised as part of a deal with the Global Yield Fund, which will invest the the money into Gaming Corps across the next three years.
Gaming Corps will use the investment to acquire and manage a number of studios across different platforms. While it has primarily been a mobile company, the studio has recently branched out into PC gaming.
Looking at its options
"Gaming Corps new acquisition strategy means that the company is now actively working to analyse a number of potential acquisitions," said Magnus Kolaas, Gaming Corps CEO.
"The companies we are looking at to have successful IPs in its portfolio, the experience of console games, virtual reality games and mobile games happy and have a healthy revenue base."
Gaming Corps began its acquisition strategy in November 2016 when it acquired Austin-based developer Red Fly Studios. The studio is known for handling a number of ports to Nintendo's Wii console.
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