The creator of digital crosswords, PuzzleSocial studio, raised $3 million during the investment round A.
The leading investor was the developer of mobile applications Kiwi Tech. In addition, business angels Thayor Bigelow, former CEO of HBO, and Mark Wachen from the Upstage Ventures foundation have invested in the creation of digital crosswords.
“The main difficulty with mobile games is that they have a short shelf life,” said Rakesh Gupta, CEO of KiwiTech. – They lose popularity as quickly as they gain it. Daily Celebrity Crossword [title game PuzzleSocial, – approx. editors] managed to demonstrate to us that its content successfully solves the problem of user retention, which turns out to be insurmountable for most other projects. We are all confident that the game will be able to be attractive to the audience every day – and for many years.”
PEHUB.COM
It cannot be said that digital crosswords are popular among mobile players. With the help of the funds received, the studio hopes to change the situation and make its title title Daily Celebrity Crossword known to the mass user.
Other materials on the topic:
- The Finnish studio attracted investments in the amount of $4.1 million
The creators of the Dots game received $ 10 million for development - PuzzleSocial is a studio from New York.
Has been developing mobile games since 2010. The title project is the digital crossword Daily Celebrity Crossword.