US iPhone developer Backflip Studios, has raised $145,000 (102,000, £88,000) in funding, according to a SEC regulatory filing uncovered by mocoNews.
The company released popular free game Paper Toss, and is currently riding high in the US App Store Top 100 with two games: Paper Toss: World Tour (99c) and the excellent Ragdoll Blaster ($1.99).
Raising money for expansion and to explore new business opportunities is a standard part of any company's development, and thanks to its high profile, this is the ideal time for Backflip to raise investment, as well as create more complex and expensive games based around its existing brands.
As our regular analysis of the US Top 100 shows, around half of the games are priced cheaply at 99c but chart position remains volatile.
To date, only publishers such as EA, Gameloft, and PopCap Games have managed to retain average prices of more than $3 across their portfolio.
News
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.
Related Articles
News
Jun 6th, 2017
Transformers: Earth Wars clears 10 million downloads just in time for first anniversary
Interview
Nov 7th, 2016
Backflip Studios on releasing DragonVale World five years after the original
Top Stories
News
5 hours, 44 minutes ago
Cécile Russeil takes the helm at Ubisoft as EVP of comms, DEI, HR, and legal
Feature
7 hours, 1 minute ago
"Gaming in MENA is just starting. Investment will bring more attention to the region and create more opportunities"
Feature
Apr 24th, 2024
48 top mobile games in soft launch: Squad Busters, CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
App Promotion Summit London | Europe | Apr 25th |
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 |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
Feature
Apr 24th, 2024