Oulu-based Koukoi Games has raised $1 million from media-focused venture fund IPR.VC and Finnish development agency Tekes to develop licensed IP mobile games.

“Through this funding Koukoi’s chances to create the next mobile game success story are further improved. This move also makes it possible for Koukoi to begin producing high-quality mobile games in the IP market alongside our own original productions,” said Koukoi Games CEO Antti Kananen.

“We are now able to work and collaborate with for example world famous movie studios and brands which in turn greatly raises the potential for major success,” he said.