Singaporean start-up Jambox Games recently announced the company raised $1.1 million in the most recent round of seed funding. Ludus Venture Studio lead this round of investment. The company also received funds from several seasoned angel investors.
“Building a successful gaming franchise is more science than art. There is a huge gap and market opportunity for an independent platform that can power developers and their games to compete at the global level. Growth, user acquisition, analytics, and monetization have become a ‘big boys’ club’,” said Jambox Games Founder Vikas Gulati. “Southeast Asia has tremendous talent and developers understand their users intimately. Some of the games developed have huge potential with multiplayer and social formats. Developers just need the right partner and platform to grow the games.”
The investment is part of Jambox Games’ effort to launch a competitive game publishing platform to assist game developers in India and Southeast Asia. Jambox Games works to offer a toolkit that utilizes analytics, attribution, user acquisition, and monetization, allowing developers to focus solely on title development. It will also build custom competitive formats to help improve revenue and retention for these types of games.
(All information was provided by Yahoo! Finance)