Kobojo, one of the European leaders in the social gaming space on Facebook and mobiles, has just announced its first round of fund-raising, which is in a total of $7.5 million (€5.3 million). The lead investors of this financing round were Endeavour Vision and IDinvest Partners. For the last 3 years, Kobojo has been editing and publishing a wide variety of innovative games and apps such as Goobox and PyramidVille. The young Paris based company, wich was founded in 2008, has a workforce of 30 employees. The fresh capital will be used to step up the development in France and internationally.
Vincent Vergonjeanne, the VP for Products and Strategy at Kobojo, recently said: “Raising the funds is in line with Kobojo’s strategic goals to become international and create new user experiences. We want to localise versions of our games in markets with increasing demand for social gaming, in particular Spain and Italy. These funds will also help us focus on R&D to enable us to provide these games on various platforms such as Smartphones and touch tablets, as well as Facebook in the very near future. We promise a quality gaming experience from any device to both novice and expert players”.
Dominique Pitteloud, Senior Investment Director at Endeavour Vision, comments: “As an investor focused on technology-driven opportunities, we see a large opportunity in social gaming across Europe catering to a rich cultural and language diversity. Kobojo has demonstrated a unique ability to develop and publish games with deep game-play mechanics and social interaction. We are thrilled of the opportunity to support the development of the company and are convinced in Kobojo’s ability to become the leading social game company in Europe.”