Firefly Games said Tuesday it raised an $8 million Series A round of financing led by Skyocean International Holdings, Ceyuan Ventures and GuangZhou WinHi. Los Angeles-based Firefly aims to distribute Asian mobile games to Western markets and plans to release four titles this year.
LOS ANGELES, Feb. 17, 2015 /PRNewswire/ — In a landmark deal, Los Angeles based Firefly Games Inc., founded in January 2015 byMichael Zhang and KJ Lin has raised $8 million in Series A financing round led by Skyocean International Holdings, Ceyuan Ventures and GuangZhou WinHi. The company will release four titles this year and has partnered up with leading mobile game developers to distribute top grossing Asian titles to the Western markets.
Firefly Games will be coupling innovative gameplay design with proven western event systems to create AAA titles for mobile devices. “We plan to bring a revolutionary approach to the way games are released that goes far beyond the standard localization currently seen in the App Stores.” said Michael Zhang, Co-founder and CEO of Firefly Games. “Furthermore, we will also develop a business intelligence vertical within our company to evaluate highly granular data points and continually improve our live operations.”
The company will use the funding to acquire new titles, finance internal game development and make strategic investments worldwide.Johnson Zhen, Chief Investment Officer of Skyocean International Holdings said, “The mobile space is still in its infancy and Firefly Games is working to become one of the leading North American publishing companies for worldwide games.”
Firefly Games plans to move swiftly in the fast growing mobile space. “We expect there will be several billion dollar mobile game publishing companies and Firefly is definitely one with great potential!” said Guojun Chen, Partner of Ceyuan Ventures.
With over 30 employees and a newly opened Shanghai office, Firefly Games is expanding rapidly. The team members come from a history of shaping highly influential mobile, PC, and browser games and communities such as Funzio, GREE, Zynga, Nexon, Riot Games, ZQGame, FunPlus, Gamevil, Ubisoft and more.
About Skyocean International Holdings: Skyocean International Holdings is an investment firm with a $1.7B market cap focused on becoming a leading global entertainment group linking Greater China with the worldwide market. Skyocean International finances city value enhancement and helps drive sustainable and ecological urban development.
About Ceyuan Ventures: Ceyuan is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. Ceyuan emphasizes backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in building world-class businesses. Ceyuan’s network of relationships and culture gives them the opportunity to discover promising new investment opportunites.