Egg Baby dev Nix Hydra raises $5 million
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Date | Type | Companies Involved | Size |
---|---|---|---|
May 29, 2014 | investment | Foundry Group Nix Hydra Games | $5m |
Mobile entertainment developer Nix Hydra has announced a $5 million Series A funding round.
Early-stage investor Foundry Group, previously involved with Zynga, FitBit and Harmonix, was the lead funder.
Buddy Media CEO Matt Britton also participated.
Nesting instinct
The round takes the Los Angeles-based outfit's total funding to more than $5.6 million.
It was founded in 2012 by Lina Chen and Naomi Ladizinsky, who previously worked at EA, Capcom and THQ, and describes itself as having a "predominately female fan base".
Its first successful release has been Tamagotchi-style nurturing game Egg Baby.
The funding will enable Nix Hydra to expand the almost 9 million-strong franchise internationally, as well developing new IP.
In conjunction with these goals, it is currently hiring.