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Royal Revolt dev Flaregames raises $12.2 million to build portfolio

Date Type Companies involved Size
June 5th, 2014 investment Accel Partners
Flaregames
T-Venture
$12.2m
Royal Revolt dev Flaregames raises $12.2 million to build portfolio

German mobile studio Flaregames has announced $12.2 million in series B funding.

The funding came from its current financial investors Accel Partners and T-Venture, the investment arm of Deutsche Telekom, with additional investment coming from an unnamed investor.

Flaregames intends to use the funding to scale the company, with an eye on attracting additional senior personnel, and to market its upcoming line of free-to-play games.

This round of financing brings Flaregames' total funding to $23.2 million.

From humble beginnings

Flaregames has come a long way from the launch of its first game BraveSmart  in May 2012.

Since that release, Flaregames has tripled its workforce, moved to a larger office space, and grown to generating seven-figure revenues per month - all while building a burgeoning franchise with its Royal Revolt  titles.

Speaking on the funding, CEO and founder Klaas Kersting hinted that the second half of 2014 will be a busy time for his company, including expansion into publishing. 

"This round of funding enables us to invest in bigger projects, both external and internal: we have half a dozen games in development at our studios in Karlsruhe and Frankfurt - and are already working with a number of major US developers on undisclosed projects," he said.

"Flaregames has a full pipeline of games and we look forward to sharing more exciting news about our upcoming titles as the year progresses."


VP Biz Dev

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