Finnish game studio Small Giant Games has completed a $3.1 million equity investment round backed by Spotify investor Creandum, PROfounders, Spintop Ventures, Capital A Partners and a group of private investors. The Helinki-based company raised the funds to launch its first game and for the development of several new titles. The lead investor of the round was Stockholm and Palo Alto based Creandum, followed by PROfounders, Spintop Ventures and Capital A Partners. A group of private investors also joined the round, including Gregory Milken and Risto Siilasmaa.
“It’s not possible to succeed in the fiercely competed mobile games market just by copying existing popular games – you need to create new and unparalleled game features and experiences, which shape the existing genres and create entirely new ones,” said Small Giant Games CEO Timo Soininen. “One of our goals is to raise the quality of character animations in mobile games to a new level. We are thrilled to get experienced investors to back our vision of creating beautiful and engaging multiplayer games with small focused teams.”
Small Giant Games was founded in early 2013 by a group of Finland's leading game designers, developers and graphic artists. Currently the team is finalizing its first title, Oddwings Escape, which will launch globally in early 2015. The new type of flying game combines innovative one-touch control mechanics with highly detailed graphics and rich physics enhanced character animations.
“We were impressed by the Small Giant team and the approach they’ve taken with their debut title”, said Daniel Blomquist from Creandum. “We are confident that the team’s strong technical, visual and animation expertise, and the fresh approach to free to play mechanics will result in a series of original and successful casual games.”
The company is currently hiring experienced game designers and developers to join the team for new game projects.