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Huuuge Games Raises $4 Million Investment from Korea
Investment Partners to Make Mobile F2P Casino Truly Social
PALO ALTO, Nov. 12, 2015 — Huuuge, Inc. the leading innovator in mobile free-to-play social casino, announced today a Series A investment of $4 million led by Korea Investment Partners (KIP). The financing will be used to fund Huuuge's global expansion and scale the distribution efforts. Sang-Ho Park, Senior Principal at KIP, will join Huuuge's board of directors.
Park said: “Huuuge is disrupting the free-to-play casino gaming market by providing a much more interactive social gaming experience, and we are very pleased to be part of the growth story. Team Huuuge is one of the most experienced mobile game development teams we have met, and we value their commitment to quality and innovation. What Anton and the team have achieved over the past year is really impressive. Huuuge is a great example of a founder-led, data-driven, next-gen app business we like to invest in."
Anton Gauffin, CEO of Huuuge, said: “With our Series A funding, we plan to further scale our business globally in this ‘huuuge’ mobile gaming market. We are excited to have Korea Investment Partners on board as one of the leading VC’s with tremendous experience in gaming and social networks, especially in the Asian markets."
Korea Investment Partners strengthens Huuuge’s strategic investor line-up and will increase the company’s presence in APAC. Huuuge's existing investors consist of mobile gaming heavyweights from Silicon Valley, Berlin and Singapore, including Seppo Helava, founder of what is now Big Fish Casino, Juha Paananen and Henric Suuronen, cofounders at Nonstop Games, and Wibe Wagemans, former SVP at Rovio and Big Fish Mobile.
Founded in Palo Alto in 2015 with studios in Poland, Huuuge develops and publishes free-to-play games, focusing on the fast growing mobile social casino gaming market worldwide. The flagship game Huuuge Casino offers the best social gaming experience where players are able to interact, engage, play and, most importantly, have fun with other players in real-time in an attractive free-to-play casino environment. Huuuge’s games are available on all major mobile gaming stores, including iOS App Store, Android Google Play and Amazon App Store.
About Korea Investment Partners
Korea Investment Partners is the leading VC investment firm based in Korea. Recent gaming investments include Seriously, Super Evil Megacorp and DoubleU Games. Korea Investment Partners is a private equity company specializing in small- and mid-cap business and has been discovering, investing in and promoting growth of promising businesses since establishment in 1986. From 2000, we have been managing venture capital funds worth KRW 9,073 billion (USD$1.5 billion).
Anton Gauffin, CEO of Huuuge / Berlin
anton (@) huuugegames.com
Wibe Wagemans, Chairman of Huuuge / Palo Alto
wibe (@) huuugegames.com
Sang-Ho Park, Korea Investment Partners / Seoul
sangho.park (@) truefriend.com