Boomlagoon secures $3.6m from investment round

Finnish mobile games company Boomlagoon has secured $3.6 million (€2.6 million) in a Series A investment round led by NorthZone, with additional funding partners Inventure and 360 Capital Partners.

The three companies join existing angel investor Jari Ovaskainen and London Venture Partners, both of which also participated in the latest round.

Helsinki-based Boomlagoon was formed in 2012 by three former employees of Rovio, the company behind the ‘Angry Birds’ franchise.

The company has since grown to eight members and is currently in the final stages of launching a new game, following the release of its debut game ‘Noble Nutlings’.

The new funding will go towards expanding the Boomlagoon team further and help fund the development of a portfolio of character-driven titles, the first of which is due to be announced this month.

“The legacy of successes by our investors is another indicator that our team is on the right track,” Boomlagoon chief executive officer Antti Stén said.

“We’re thrilled to have them aboard, helping us bring engaging character-driven games to global audiences.”

Northzone general partner Torleif Ahlsand added: “We have been very impressed by the Boomlagoon team, and believe they have a unique understanding of how to drive casual mobile games to broad markets.

“All games from Boomlagoon are based on memorable characters and a clear strategy on monetisation.”

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