EQT Ventures leads growth financing round with existing investors Creandum, Spintop Ventures and others joining
Small Giant Games, a Finnish developer, today announced the completion of its growth financing round of 5.4M Euros. The investment will be used to market its brand new title Empires & Puzzles as well as to build new games. Lead investor in the round is Stockholm, Sweden based EQT Ventures, followed by the company’s earlier investors Creandum, Spintop Ventures, PROfounders and First Fellow Partners.
Empires & Puzzles is an innovative online Role Playing Game that uniquely combines tactical puzzle battles with the building of a mighty stronghold and hero collection. The game was launched last week on both iOS and Android mobile devices.
Timo Soininen, CEO at Small Giant Games said: “We started our new game with a clear vision of creating something that’s super easy to pick up and play, but that also surprises the players with unforeseen depth and a fresh take on familiar elements. We are extremely pleased to have EQT Ventures on board to back our vision and help us reach our goals. EQT Ventures’ Lars Jörnow has extensive experience in mobile gaming from his time at King and, coupled with their hands-on approach, they’ll be of great help to us in improving and growing this game and others in the future.”
Lars Jörnow, Managing Partner at EQT ventures commented: “We were impressed by the experienced team at Small Giant Games, their clear vision and effective delivery of their new game, Empires & Puzzles. We like to back strong entrepreneurial teams who aim to reach the top, and we believe the Small Giant team have what it takes to get there.”