March 9th, 2011 by Arjan Olsder Posted in Companies & M&A | No Comments »
Late last month, location based gaming studio Grey Area closed a series A funding round securing €1.9 million. The funding in this round came from Index Ventures, London Venture Partners and Initial Capital.
This funding goes on top of the seed capital the company raised from Lifeline Ventures, Mikko Kodisoja and former Digital Chocolate vet Ilkka Paananen late 2010.
“The single biggest reason we went with Index, LVP and Initial Capital was since they believed in our vision of creating a whole new category of games that will take the industry into a new direction just as passionately as we do. Already in the first meeting that we ever took with them they felt the same excitement about what we are doing as we have always felt in building Shadow Cities.”
