Finland’s Next Games Lands $6 Million Investment
Finnish game developer Next Games has raised $6 million from a slate of technology and entertainment names, the company announced Tuesday.
The series A round was co-led by San Francisco’s IDG Ventures and entrepreneur Jari Ovaskainen. Lowercase Capital also participated in the round.
Additional investors include IDG Capital, AMC Networks Ventures, York Ventures and the Gores brothers’ investment vehicle. Angel investors involved in the round include Microsoft CMO Mich Mathews, eOne CEO Darren Throop, Electus COO Drew Buckley, Machinima co-founder Allen DeBevois, Yoshimoto Kogyo's U.S. CEO Akinobu Yorihiro and Dreamworks head of business development Steve Bertram.
Media and gaming veteran Peter Levin has joined the Next Games board as part of the round. Levin, formerly the CEO of Nerdist Industries, helped the company coordinate its funding round.
Next Games was founded in 2013 by a team of veterans from Angry Birds developer Rovio, online game developer Supercell and Disney.
“Our funding was made possible by the pioneering work by established Scandinavian game development studios,” said NextGames CEO Teemu Huuhtanen. “It is a testament to the talent in the Nordic region where many of the most successful games in recent years have been created.”
One of the company’s first two projects is a mobile game based on The Walking Dead. The game is set to launch close to the zombie drama’s fifth season premiere in October.
“If you’re going to bet on a suite of executives in the mobile social tablets game space this would be a good team to get behind,” Levin tells THR. “Obviously their ability to attract one of the biggest pieces of IP in the world, The Walking Dead, speaks to (the company) they’ve assembled.”