Russian mobile browser MMOG outfit Playtox raises $3 million for expansion

Looking to US and HTML5

Russian mobile browser MMOG outfit Playtox raises $3 million for expansion
Russian mobile browser MMOG specialist Playtox has closed a $3 million Series A round.

The funding came from Moscow-based Runa Capital, which is a $135 million technology-focused fund.

It previously invested in Russian developer Alawar Games, and counts crowdsourced online bank Zopa has one of its current investments.

Playtox has 25 million registered players - around one millions daily active users - in Russia, southern Asia and Latin America across its dozen mobile games.

No downloads required

It says it will use the cash to extend its technology base to include HTML5, as well as pushing its titles into the US and emerging markets.

Additionally Playtox is looking to sign more partnership such as its recent deal with Opera, which makes it the browser company's chosen partner for Russia and the CIS region. 

"We recognised that Playtox has an opportunity to grow and position itself as a global leader in mobile browser-based gaming," said Serguei Beloussov, senior partner at Runa Capital.

"Playtox is helping to advance the gaming industry by providing easy browser access to any user or partner without the hassle of lengthy downloads or incompatible devices. We see Playtox really excelling as they expand into new areas, and we are pleased to assist them in this growth and accelerate it."

"We're gearing up to take web-based mobile MMO gaming to the next level – an international level, and with our new funding we will be able to scale our business much faster," added CEO Playtox Artem Zinoviev.

[source: Playtox]
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