Mobile games creator Playdots has secured $10 million in Series A funding. Tencent and Greycroft Partners led the round with participation from other investors such as Northzone and Crunchfund.
NEW YORK – Dec. 16, 2014 – Playdots Inc. (“Dots”), developer of the breakout mobile gaming hits, Dots: A Game About Connecting and TwoDots, announced today that it has finalized its first round of capital investment to accelerate the advancement of its franchise.
In a Series A funding round co-led by Tencent and Greycroft Partners, Dots raised $10M from a range of venture capitalists around the world, including Northzone and CrunchFund. They are joined by an Alphaworks syndicate that includes Slow Ventures, Li Ruigang, Susan Lyne, and a diverse assembly of other notable investors and game industry executives.
“It’s been immensely gratifying to watch millions of people across the globe engage with our games,” said Dots co-founder and CEO Paul Murphy. “This investment from an incredible set of partners will help Dots become one of the leading mobile-first games studios.”
In the past year and a half, Dots has grown from a modest art-inspired puzzle game built by co-founder and CCO, Patrick Moberg, to a growing NYC-based games studio with the ambition to stand alongside the gaming titans of the world. The Dots and TwoDots games have an install base of over 45 million players around the world.
Dots will release further information about its upcoming plans and projects in 2015. Dots and TwoDots are available as free downloads for the iPhone, iPad, and Android devices.
Apple App Store: http://www.appstore.com/twodots
Google Play: http://g.co/play/twodots
Amazon Appstore: http://amzn.to/1zi0RhI
About Playdots Inc. (“Dots”)
Dots builds unique games with thoughtful design. The studio’s first game, Dots: A Game About Connecting, garnered a massive and loyal following since its launch in 2013 by Patrick Moberg and Paul Murphy at the startup studio, betaworks. More recently, the studio launched TwoDots, which shot to the top of the charts hours after it launched. Dots and TwoDots are available as free downloads for the iPhone, iPad, and Android devices. You can learn more about Dots by following @playdots on Twitter, @iseedots on Instagram, liking www.facebook.com/playdots on Facebook and visiting the Dots website: www.weplaydots.com.