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Promising to shake up F2P grossing stasis, PlayRaven raises $4 million

Date Type Companies involved Size
December 10th, 2014 investment Northzone
PlayRaven
$4.1m
Promising to shake up F2P grossing stasis, PlayRaven raises $4 million

Following the success of its WWII espionage game Spymaster, Finnish developer PlayRaven has pulled off its own financial coup.

It's extended its seed investment round with Boomlagoon and Space Ape investor Northzone joining the round, which has been increased to $4.125 million.

Previous investors Creandum (Nonstop Games), London Venture Partners (Supercell) and Jari Ovaskainen injected $2.3 million at the start of 2014.

All-in-all, this takes PlayRaven's total investment to-date to $7.5 million.

Shake, rattle and roll

Founded by veterans from the likes of Remedy, Rockstar, Supercell, Wooga and Unity, the Helsinki outfit is working on its next game, due in 2015.

Spymaster demonstrated PlayRaven's originality

"Mobile gaming has become stagnant. Tablets and smartphones have matured into a market even greater than television, and yet revenues are dominated by titles that are 18-24 months old," pointed out PlayRaven CEO Lasse Seppänen.

"PlayRaven was formed to foster an environment that advances creativity and autonomy. Our promise to our peers and our audience is to put forth original properties that shake the mobile scene out of its comfort zone."

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.

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