Home / News / Empires & Puzzles maker Small Giant Games raises $41 million for mobile titles

Empires & Puzzles maker Small Giant Games raises $41 million for mobile titles

Finnish gaming firms have a powerful document of on cellular, and the newest instance is Small Large Video games, which is pronouncing lately that it has raised $41 million in investment. The Helsinki-based studio of Empires & Puzzles has observed its first sport generate greater than 10 million downloads and $33 million in earnings in lower than a 12 months.

The cash comes from lead investor EQT Ventures and current buyers Creandum, Spintop Ventures, and Profounders. Small Large Video games will use phase this to make bigger across the world, make bigger its developer and graphic dressmaker body of workers, and proceed to spend money on Empires & Puzzles.

Small Large Video games CEO Timo Soininen stated in an interview with GamesBeat that Empires & Puzzles took off partially for the reason that corporate designed a sport that used to be simple to play, the usage of the acquainted match-Three mechanics with a myth role-playing sport stuffed with light-hearted characters.

Soininen and a team of cellular sport veterans began the corporate in 2016, they usually introduced Empires & Puzzles in March, simply 11 months once you have began. Soininen stated the good fortune of Empires & Puzzles simply 10 months after its release has made the corporate successful.

“It’s a vital milestone in a super-competitive marketplace stuffed with giant boys,” Soininen stated. “We’re nonetheless slightly small and are punching above our weight. It displays that you probably have a high quality group with the precise equipment and get them organized smartly, such things as this will occur.”

About 33 % of the person base is lively on a per month foundation, and one million avid gamers come again each day. The identify is likely one of the few new entrants that has effectively damaged into the highest 100 grossing video games in Western markets. That’s beautiful just right for a sport that 12 other folks constructed. And Small Large Video games stays small, with simply 25 staff.

“For EQT Ventures, Small Large Video games ticks all of the bins for the type of firms the group needs to strengthen,” stated Lars Jörnow, spouse at EQT Ventures, in a commentary. “The sturdy, data-driven entrepreneurial group had a transparent imaginative and prescient of what it sought after to reach, and it’s handing over on that. Small Large Video games has accomplished nice traction and is made up our minds to transform an international winner — that is precisely the type of perspective the EQT Ventures group appears to be like for.”

In an electronic mail, Jörnow added, “I first met Timo in summer season 2016, when he used to be showcasing an early model of Empires & Puzzles. After a few nice informal cellular video games, the Small Large Video games group had made a daring choice to desert the informal style and as a substitute plunge into the promised land of midcore (hardcore video games with brief consultation instances). This isn’t an strange adventure for a sport [studio] to make as they seek for a sustainable efficiency advertising loop. However, given my private background growing match-Three video games when I used to be at King Virtual, I used to be intrigued by way of the group’s ambition to combine this evergreen core sport mechanic with a deeper metagame.”

A 12 months in the past, the corporate raised $6.five million for its seed spherical. Soininen prior to now constructed Sulake and Habbo Lodge from a tiny startup to a large-scale world corporate with 300 staff and 350 million downloads. He used to be joined at Small Large Video games by way of Otto Nieminen, Markus Halttunen, Ilkka-Kristian Juopperi, Tommi Vallisto, and Tim Lönnqvist.

empires puzzles maker small giant games raises 41 million for mobile titles - Empires & Puzzles maker Small Giant Games raises $41 million for mobile titles

Above: Empires & Puzzles has match-Three gameplay.

Symbol Credit score: Small Large Video games

“We noticed the marketplace were given cluttered, and it used to be changing into unimaginable to create an informal sport with sufficient advertising strengthen to get into the a sustainable place within the best 100 grossing video games,” Soininen stated. “We noticed that numerous the role-playing video games available on the market had been complicated and intimidating. We wish to bridge informal and RPGs. Our sport didn’t take itself severely, nevertheless it has unexpected tactical and strategic intensity. Lars helped us to find former King user-acquisition professionals.”

Their perception used to be to check out to modify the monetization and engagement charges for a midcore sport with approachable informal gameplay. Soininen stated the group is getting began on new titles. They used marketing-tech distributors, similar to Solidarity, Vungle, AdColony, Fb, and Google.

“We had been ready to conclude this giant spherical, upload extra builders, get started paintings on a brand new sport, and praise the entire group,” Soininen stated. “It’s amusing to be rising this speedy and to have buyers like EQT Ventures who shared our imaginative and prescient.”

A part of the cause of the good fortune is that the group advanced its personal analytics resolution and used it to put it on the market successfully with efficiency advertising. Within the coming months, the corporate will upload new options to have a good time its first anniversary, together with its personal tackle alliance wars.

“We’ve got avid gamers who like the sport and are available again a number of instances an afternoon,” Soininen stated. “The underlying core is powerful, and we are hoping this sport may have a lifetime of a few years. With this new backing, we will be able to transfer ahead with upper pace and construct a larger sport.”

Soininen is taking a look ahead to making extra unique video games.

“While you create one thing of your personal, you’ll be able to be tremendous versatile,” he stated. “You’ll be able to take it in a couple of instructions with campaigns and subject matters, and that’s what we will be able to proceed to do. We’re tremendous pragmatic. We realize it is a tricky marketplace, and we need to ship top quality. However being taken with what you do smartly is essential.”

Join Investment Day by day: Get the newest information to your inbox each weekday.

About Omar Salto

Check Also

PlayStation leads in TV ad impressions, but Square Enix is close behind

PlayStation leads in TV ad impressions, but Square Enix is close behind

Gaming trade TV advert impressions noticed an 87.71% building up from mid-August to mid-September, in …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.