Playspace develops and operates a multiplatform portfolio of 15 social games across web and mobile. Cofounded in 2011 by Alfonso Villar and incubated/accelerated by Mola.com, the company reports more than 15 million registered users in over 10 countries and has about 30 employees. Its product offering spans multiple platforms and markets. Through the media-for-equity agreement it seeks to consolidate its position in the national market and reinforce international expansion. The company’s shareholder base includes venture firms PeopleFund, JME Venture Capital, Faraday Venture Partners, Mola.com, and a stake held by the management team. The article does not disclose revenue, valuation, or transaction size. PlaySpace is a Spanish developer focused on social and casual games, bringing familiar titles such as dominoes and Bingo to Facebook, iOS, Android and the web with colorful, distinctive art. The company serves more than 10 million registered gamers and reports about 1 million monthly active players, supported by a team of 25 employees. It closed a $1 million funding round led by the José Manuel Entrecanales Foundation with participation from returning investor Faraday Venture Partners, bringing total investment to $3 million. With the new capital, PlaySpace plans to expand its mobile efforts and increase focus on smartphone platforms. The company also intends to establish its games in the United States and in growing markets across Latin America. Leadership highlighted investor confidence: the foundation's director said he was impressed by PlaySpace's recent results. PlaySpace builds social and multiplayer games targeting Spanish and Portuguese speakers, with titles on Facebook and the Spanish network Tuenti. Its portfolio includes Parchis, Dominos, Luno, La Oca, Bingo and Chinchon and it monetizes via a freemium model with virtual currency and in‑game purchases. The company reports 3 million users and says it is the fastest growing developer in its target markets. PlaySpace plans to expand its portfolio to iOS and Android and to launch new games. The new capital will be used to improve product development and to support international expansion into the U.S. and Latin America.

Total raised

$3M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2015