Spanish-speaking social gaming specialist Akamon raises $3.7 million
Looking to expand internationally and to mobile
Spanish-based social gaming publisher Akamon has raised €2.8 million in its first VC round.
As part of the deal, Spanish-based investors Axon Partners Group and Bonsai Venture Capital become shareholders.
Akamon operates 37 casual online multiplayer games - casino and traditional - with southern Europe and Latin America its main markets.
The company says the investment will allow it to enter the international market, boost user acquisition and expand into mobile.
At present, it only has one smartphone game; Bingo Rider on iOS.
Systems set to go"We are delighted that two fund companies of such caliber as Axon Partners Group and Bonsai have joined the project, bringing a profound knowledge of the Latin American market, and an unparalleled track record of success with internet companies," commented Akamon CEO Vicenc Marti.
Akamon posted revenues of $8.5 million during 2012, and expects sales of $16 million in 2013.
It currently has 70 staff and is looking to add a further 20 before the end of the year.
[source: Akamon]
