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Sunday, June 26, 2022

Playraven raises €3.29 Million with more news coming in January

Another day, another multi-million funding round into a Finnish mobile game developer. Helsinki-based PlayRaven has seen good success with the September launch of Spymaster on the iPad, where players act as the supreme Allied spymaster in the second world war to steal info and thwart enemy forces. Its unique gameplay focused on player consequences has popped it up to the top of the iPad game charts in 99 countries, and today they announce they’ve raised a cool $4.1 million (€3.29 million) round to keep pumping out new franchises.

This latest funding round was led by Northzone with existing backers Creandum, Jari Ovaskainen, and London Venture Partners. PlayRaven’s previous round was in January of 2014 and clocked in at €1.7 million.

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With shots fired at those on the top of the app store charts, PlayRaven CEO Lasse Seppänen comments:

“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.

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. The response to our first title, Spymaster, reinforced that we’re moving in the right direction.”

I somehow call myself a tech writer without owning an iPad, so I haven’t had the chance to check out Spymaster just yet. But the company says to stay tuned – their next big announcement will be coming out in January of the new year – Perhaps the header image is an indication of what’s to come.

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