January 18th, 2007 by Arjan Olsder Posted in Companies & M&A | No Comments »
Player X announced to have secured a $ 9.89 million funding from Nordic Venture partners, Long Acre Partners and Arts Alliance. Tony Pearce announced the funding will be used to reach the next stage of growth for the company. Player X recently expanded from a mobile game publisher to the mobile TV and Video arena.
"This is great news for the company and takes us to the next stage of growth. Having Nordic Venture Partners and Long Acre Partners on our board underlines how far we have come since our first round of funding. In less than two years the company has become a leading publisher and distributor of games and a pioneer in the emerging mobile video and TV markets – and this investment is key to this area," said Tony Pearce, CEO of Player X.
“We met with many mobile content companies but what excited us about Player X was not only its impressive games business, but its leadership in mobile video. We’re confident the company will continue to make giant strides in both areas,” said Larry McDonald, Partner at Nordic Venture Partners.
