October 15th, 2007 by Arjan Olsder Posted in Companies & M&A | No Comments »
Fishlabs, German based developer of mobile games, has announced the closing of their latest successful funding round, led by Neuhaus Partners.
Pablo Fetter, Managing Partner at Neuhaus Partners, explains: “We have followed FISHLABS‘ progress since 2004 and their evolution to the top of 3D mobile gaming sector closely. In the past three years the installed based of 3D-enabled handsets has increased significantly and more or less every mobile network operator has launched flat-rate data plans. We believe that connected 3D mobile games are about to become a mass-market. In this segment, content and a loyal community are key. Hence the timing was opportune to invest in FISHLABS’ highly talented team as well as their top-rated portfolio, and to leverage FISHLABS’ strong recognition among mobile gamers.”
Michael Schade, CEO and Co-Founder of FISHLABS, adds: “Our fan base of several hundred thousand mobile gamers and their extensive involvement with FISHLABS’ core games is the best constellation for up-selling through additional level or item downloads, high-score uploads and multiplayer or other community features. It drives ARPU above and beyond one time game downloads. This is where Exit Games (also a Neuhaus investment in mobile gaming) comes into play and allows for a perfect fit with their leading mobile and online multiplayer platform Neutron
