Bubble Gum bucks gaming industry gloom with $2.5 million funding round
Summary
Bubble Gum Interactive raised $2.5 million in a second funding round to accelerate Little Space Heroes and expand the business. The company plans to use the capital to hire staff, strengthen global distribution, and increase marketing. It also wants to speed up development of new mobile games, cartoons, and licensing programs. The studio says the game is already seeing strong traction with tens of thousands of children playing daily across more than 80 countries.
Funding
Amount
$2.5M
Total raised
Date
June 27, 2012
Announcement date
Investors
Artesian Clean Energy Seed Fund, Starfish Ventures, starfish ventures, Sydney Angels Sidecar Fund, IT-Farm, Sidecar Angels
Lead investors
Company
https://www.bubbleguminteractive.com
Funded company
Classifications
industries
EduTech - institutions
applications
EduTech - learning
AskAI Classifications
Labels
Game Development
Mobile Games
Educational Software
Linked Companies
Bubble Gum Interactive
$1M to $5M