The independent game developer Kobojo has secured $7M in a second round of financing.
It was led by Oxford Capital Partners with participation from a previous investor, Endeavour Vision, as well as the Scottish Investment Bank, the investment arm of Scottish Enterprise.
The announcement comes as the company prepares for the upcoming release for its next project, the role-playing game adventure Zodiac.
Paris-based Kobojo had previously accepted a grant of $750,000 from Scottish Enterprise to establish its Dundee office, home of a team dedicated to developing Zodiac.
‘’We are very pleased that Scottish Enterprise has played a part in attracting Kobojo to the Scottish game development landscape,’’ said Kerry Sharp, Head of the Scottish Investment Bank.
‘’As a developer of in-demand games, Kobojo has a proven track record of success and with its new Dundee office, the studio is set for many more triumphs.’’
Martyn Holman, Investment Director of Oxford Capital Partners, said: “Kobojo is a rising star in mobile gaming, a sector that shows tremendous potential. It has transcended geographical regions and achieved success in America, Europe and Asia.
“Kobojo’s expertise in touch devices, multiplayer technology and hand drawn graphics make it stand out as a future leader and we expect the company to attract significant interest.”
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