SGN is a cross-platform mobile games studio founded by MySpace co-founders Chris DeWolfe and Aber Whitcomb and former Fox executive Josh Yguado. It develops and publishes games on Facebook, iOS, Android and Amazon and has released titles including Panda Pop, Book of Life: Sugar Smash, Juice Jam and Cookie Jam. The company operates globally with offices in Los Angeles, San Francisco, San Diego, Palo Alto and Buenos Aires. SGN will use proceeds from the investment to grow its share in Asia through games studio acquisitions. SGN and investor Netmarble will maintain operational independence while working closely to share creative and technological knowledge. Netmarble, led by Youngsig Kwon, is a South Korean mobile games publisher and will leverage SGN’s expertise to expand its presence in the West. SGN develops mobile games for iPhone and iPad and plans to expand to Android. It released 3D third-person shooter EXO-Planet Elite on iPhone and iPod Touch after originally launching the title on iPad. EXO-Planet Elite is set in space, features a grappling-hook mechanic, and emphasizes multiplayer modes like Deathmatch and Capture the Flag; a single-player time trial mode was also added. The iPhone version is sold for $4.99 on the App Store and the article reports the smaller form factor can improve controls versus the iPad. SGN previously had success with Skies of Glory and is aiming to replicate that with EXO-Planet given the iPhone’s larger user base. The company raised $2 million from Eric Schmidt’s Tomorrow Ventures and Xing founder Lars Hinrichs.

Total raised

$132M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2015