Social Point raises $7.4M
Barcelona, Spain – July 11, 2012 - Social Point, the leading social games developer based in Barcelona (Spain), announced today that it has closed a Series-B of $7.4 million led by Idinvest Partners, with participation from other funds including BBVA and existing investor Nauta Capital. The funds will fast track Social Point’s plans to bring new social games to the market and to expand into mobile games. The teams of developers, game designers, IT engineers and support functions will be significantly strengthened in the coming months. The funds will also enable the company to increase the capacity of its platform to better manage its exponential growth.
Founded in 2008 by Andrés Bou and Horacio Martos, co-CEOs of Social Point, and Marc Canaleta, CTO, the Company is a top 10 global developer of social games on Facebook. In the last 18 months it has launched a number of leading social games, such as Social Empires, Social Wars and its latest hit Dragon City. The Company is launching this July the mobile version of Social Empires, and has a strong pipeline of new facebook and mobile games for the next 6 months. With all games combined, the Company has over 15 million monthly active users as of June 2012.
Most Social Point games are targeted to the highly attractive mid-core segment of players. The Company has a strong pipeline of new games to launch on Facebook and on mobile in the coming months. New games will allow for seamless integration between different platforms.
Notes for editors
About Social Point
Social Point is a leading social games developer based in Barcelona (Spain). The Company was founded by Andrés Bou, Horacio Martos and Marc Canaleta in 2008. The Company has launched a number of top social games on Facebook in the last 18 months, such as Social Empires, Social Wars and Dragon City, accumulating over 13 million monthly active users. The Company has a strong pipeline of innovative games both on Facebook and on mobile. The Company completed a first round of financing in June 2011 with Nauta Capital for $3.4m.
About Idinvest Partners
Idinvest Partners (based in Paris, France) is a European private equity and venture capital investor, managing $4 billion. The firm was part of Allianz until 2010 and became independent with the backing of IDI Group. Having funded more than 100 startups in Europe since 1999 (like Criteo, Meetic, Dailymotion, Deezer, Viadeo, Talend), Idinvest Partners is also active in the online gaming space from seed to late-stage with studios and operators like Kobojo (social), Pretty Simple (social), Plumbee (social), eRepublik Labs (online MMO), Grand Cru (iOS), Mediastay (game monetization), Winamax (poker), Zeturf (horse racing betting) and Curse (MMO community portal).
About Nauta Capital
Nauta Capital, a leading venture capital firm, manages three funds with $230M under management and has offices in Barcelona and Boston. Nauta invests from $1M to $10M per company, mainly in three technology verticals: wireless/mobility, enterprise SW / Security, and ecommerce / internet. Nauta targets companies for investment in very early stage (Seed Capital) up to more advanced stages of development (Series A and B). Nauta actively invests in Western Europe and the US.