Faregames
Erbprinzenstrasse 27, Karlsruhe, Baden-Wurttemberg, 76133, Germany
Overview
Flaregames develops and publishes free-to-play mobile games and has built a major franchise with the Royal Revolt series. Led by founder and CEO Klaas Kersting, the company released BraveSmart in May 2012 and launched Royal Revolt II in February 2014. Royal Revolt II accumulated 1.5 million downloads on iOS and Android within its first ten days. The company intends to use the new funding to scale the business, hire additional senior personnel, and market its games. Financially, Flaregames raised €9M in this Series B round and has now raised €17M in total. Operations are based in Karlsruhe, Germany. Flaregames develops and operates free-to-play mobile games for the iOS and Android platforms. Founded in 2011 by CEO Klaas Kersting and based in Karlsruhe, Germany, the company offers free games with optional in-app purchases for additional services and content. The first games were scheduled for release in April in five languages, with eight games planned for release in 2012. The company raised €2m in funding from T-Venture; this financing follows a €6m round from Accel Partners in February. Kersting said the company was comfortably financed after the earlier round but viewed T-Venture’s approach as a unique strategic opportunity. The investment accompanies a broad marketing cooperation with Deutsche Telekom to promote the games and provide access to the carrier’s customer base. flaregames develops free-to-play mobile games and maintains a production pipeline aimed at mainstream and mid-core gamers. The company was founded in 2011 and is based in Karlsruhe, Germany. Its upcoming line-up will consist of five games by the end of the second quarter of 2012. flaregames plans to use new capital to scale the business, hire additional staff, and market its upcoming titles. The company currently employs 30 people. The team describes its pipeline as consisting of several high-quality games targeted at a broad mobile audience.
- Total raised
- $23M
- Funding rounds
- 3
- Latest round
- Series B
- Latest activity
- Jun 2014
Industries
- Gaming
- Mobile
- Publishing
Recent funding
Series B
Jun 2014
$12M
Equity
Apr 2012
$3M
Equity
Feb 2012
$8M
Team
No current team members are available.