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Tencent leads $25 million investment in  Avakin Life  dev Lockwood Publishing

Tencent leads $25 million investment in Avakin Life dev Lockwood Publishing

November 4, 2020 | By Chris Kerr

Tencent has led a $25 million investment into Avakin Life developer Lockwood Publishing, according to GamesBeat.

Avakin Life is a 3D virtual world that allows players to be anything and anyone" by creating and customizing an avatar, designing and building their "dream house," and socializing with others.

The free-to-play title has a reported 200 million users on iOS and Android, and offers an assortment of in-app purchases. 

News of the Tencent investment comes months after Lockwood opened a new Lisbon studio to continue expanding Avakin Life

It also follows a number of notable investments for Tencent, with the Chinese company having recently led a $100 million funding round in esports company VSPN and grabbed a major stake in GTFO developer 10 Chambers.

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