Nonstop Games Raises $2.9m Usd Seed Funding For Its Immersive, Real-time, Free-to-play Games
PR Log - Mar 18, 2013 - SINGAPORE, HELSINKI, SAN FRANCISCO, CA -- March 19th, 2013. Nonstop Games, a Finland and Singapore based games company, has raised a $2.9M USD (€2.2M EUR, $3.5M SGD) seed round led by Creandum and Lifeline Ventures — venture funds most known for their investments in online music company Spotify and games company Supercell.
With this investment Nonstop Games will expand to San Francisco and continue on their mission to redefine free-to-play games across touch devices. Nonstop Games will also use the funds to launch the first of its core gaming titles — Heroes of Honor — a synchronous strategy game that pushes the boundaries of what gamers can expect from tablet and mobile gaming.
“We are extremely excited to be supported by world class investors in our mission to build the next generation of free-to-play games for touch devices,” says Juha Paananen, CEO and Co-Founder of Nonstop Games. “Our aim is to make games people can live, not just play. We want to create immersive experiences that are tailor-made for tablet and mobile. Heroes of Honor will be the first title to show this,” adds Henric Suuronen, President and Co-Founder.
“Mobile gaming is exploding and gamers are expecting an increasingly superior game experience. Nonstop Games has the team and vision to meet these requirements.” says Daniel Blomquist, Creandum. “We’ve been extremely excited about Nonstop Games since our initial investment in 2011 and we think they are building something revolutionary with their new game,” says Petteri Koponen, Lifeline Ventures.
Heroes of Honor, Nonstop Games’ next game, will launch later this Spring. The game is based in a captivating fantasy world with three different factions fighting for power. Players build towns and armies, form alliances, and perform coordinated attacks with their alliance members. It features massive real-time battles between thousands of player armies concurrently — something never seen before on mobile games.
Juha Paananen, Henric Suuronen, lead programmer Henrik Karlström and CTO Teemu Ikonen founded Nonstop Games in 2011. Paananen previously ran business development for Nokia in the APAC region based in Singapore. Suuronen was Head of Studio at Wooga and Director at Digital Chocolate before that, and he has managed over 50 titles on mobile and desktop platforms including several Top 10 hits on iOS and Facebook.
About Nonstop Games Nonstop Games makes games for gamers across tablet and mobile platforms. It was founded in 2011 by a versatile team of industry veterans who have launched over 50 titles across mobile, Facebook, PC, and console platforms. Nonstop Games has offices in Finland, Singapore and San Francisco, and is backed by Creandum and Lifeline Ventures. www.nonstop-games.com
About Creandum Creandum is the leading Nordic venture capital firm investing in innovative and fast-growing technology companies within consumer, software and hardware industries. The firm has over € 250M under management and has invested in more than 25 companies including Spotify, Wrapp, Cint, itslearning, Edgeware, iZettle, and Videoplaza. www.creandum.com
About Lifeline Ventures Lifeline Ventures is an early-stage investor focusing on health, games, web and advanced technology. The team of serial entrepreneurs believe in strong founders and high-risk, high-reward concepts aiming at global category leadership. Lifeline Ventures has invested in over 25 companies, including Supercell, Applifier, Valkee and Moves. www.lifelineventures.com