Los Angeles-based GameMine Inc, a mobile game publisher, has secured $20 million in Series A funding. Palisades Venture Capital led the round.
Los Angeles, CA — GameMine Inc., a US-based mobile game publisher, announced today it has closed $20 million in Series A funding. The round was led by Los Angeles-based venture capital firm Palisades Venture Capital.
GameMine operates a multinational mobile game publishing company that develops, licenses and acquires mobile games, then provides them to consumers in more than 135 countries through a mobile game marketplace. The company leverages its talented global network of developers and gaming experts to provide a diverse variety of theme-based mobile gaming portals. GameMine has partnerships with mobile carriers and app stores to distribute these games to consumers on a subscription-based, ad-free basis.
“The mobile gaming industry has long-dealt with issues concerning monetization, most frequently relying on ad revenue and in-app purchases to build ROI into mobile games.” Says Daniel Starr, Global CEO of GameMine.
“Additionally, a large portion of these games are accessible only via credit card purchases, which restricts access to a huge segment of the population. By providing a diverse, subscription-based selection of ad-free mobile games billed directly through mobile carriers, GameMine renders these issues obsolete while providing unparalleled access to mobile games everywhere, for everyone.“
Co-founded by Starr and Flaviu Rus, President, GameMine maintains a vast catalogue of mobile game titles spanning all major gaming genres, with active customers in 135 countries via Google Play. During the last six months, GameMine has generated 9 million installs, with 3.5 million current active users.
GameMine Inc. is a US-based mobile game publisher headquartered in Los Angeles, California. GameMine develops, licenses and acquires mobile games, then provides them to consumers in more than 135 countries through a subscription-based mobile game marketplace. Consisting of a global network of talented developers and gaming experts, multiple industry-leading mobile carrier partnerships and a presence on Google Play, GameMine provides a diverse variety of genre-based mobile gaming portals to satisfy a wide range of gaming interests.