Socialgamesobserver

The Latest News on the Social Games Market in Europe and Emerging Markets

11Jul/12

Spanish Social Game Developer Heavyweight Social Point Raises $7.4M

By Gary Merrett

Spanish based Social Point, one of the biggest European social games developer just announced 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.

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