Supercell invests $37M more in Space Ape Games
Summary
Space Ape will use the additional funds and credit to grow its team and scale marketing.The financing will really help us chase that success, Earner said. Theyre increasing their stake in our company to help us chase success.Since its worldwide release in August 2021, Space Ape Games Beatstar has reached No. They have truly supported us in chasing our ambitions in a way that has allowed us to flourish, and this renewed investment will set the stage for a new era at Space Ape; in many ways we are still at the beginning of a greater journey.We couldnt be more impressed with Space Apes team, their culture and their ability to make innovative and incredibly fun games like Beatstar, said Jaakko Harlas, investment lead at Supercell, in a statement.Several Supercell team members were deeply involved in Beatstars development. The rebooted Beatstar took about 2.5 years to hit the market, finally debuting in August 2021.Earner said he loved working under Supercells ownership. He said the collaboration works well and the support is plentiful.Its the best partner, he said.During the past five years, Earner said he has the mobile game market become incredibly mature as well as supremely lucrative.Its a massive global industry in terms of numbers of players and finances, he said.