French mobile gaming company Homa Games announced that it is raising a $50 million Series A round led by Northzone.
Singular, King, FuboTV founders, and Daniel Ek’s family office also participated in the company’s Series A, which comes seven months after raising its seed round. Specialized in hypercasual, casual, and board games, Homa Games had announced in September that it reached 500 million downloads worldwide.
We are happy to announce our $50M Series A to fuel the tech behind the future of content creation 🚀— Homa Games (@HomaGames) October 11, 2021
Thank you @NorthzoneVC, Singular, @HeadlineVC, @Eurazeo, @OneRagtime for backing us in our mission!
Thank you to every single #homahero for the incredible team work. pic.twitter.com/LqYcHve06i
“Their platform gives any game entrepreneur or independent studio super powers by allowing them to tap into publishing, analytics and marketing tools to compete on an even footing with the giant game studios across the world. Daniel and Oliver don’t just bring a vision but more importantly, a killer execution that is helping them define and build an entirely new category within gaming,” Pär-Jörgen Pärson from Northzone said in a statement.
Also Read: Voodoo acquires Israeli game studio Beach Bum
Allowing game developers to submit their game prototypes built with Unity, Homa Games also developed an all-in-one SDK to let developers optimize their games through A/B testing and analytics. The game studio, which was founded in 2018 and has published 40 games so far, including NERF Epic Pranks, Get Lucky, Kaiju Run, and Tape Thrower. It aims to release 20 more games by the end of this year.
The company is currently working on a hypercasual games sub-genre it calls arcade idle. Homa Games defines the arcade idle category as “a subgenre that incorporates idle and adventure arcade’s main attributes to create games with a Hypercasual feel and attractive metrics.”