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Thai gaming start-up Infinity Levels Studio bags $500K

Infinity Levels Studio, a Thailand-based gaming start-up, has received $500,000 in funding. The investor was InVent, a venture arm of Intouch Holdings PCL.

PRESS RELEASE

Thailand-based Infinity Levels Studio is proud to announce that it has raised another US$500,000 from InVent, a venture arm of Intouch Holdings PCL.

The company will use the funds to dedicate more resources to animal racing game Ranch Run, and launch two titles in 2015.
Aspired to be the “next Supercell in Asia”, Infinity Levels Studio’s vision is to produce high quality, unique mobile games that should be put on the watch list of every investor.

Its Game Producer Tanapon Petapanpiboon, who created Candy Meleon, a game that received global Editor’s Choice on the iOS App Store and was showcased on WWDC stage in 2013, intends to do it again with animal racing game Ranch Run.

Currently being soft-launched in Thailand, Ranch Run has been highlighted in the iOS App Store’s top grossing chart. It also has a retention rate of 60 per cent on the first day. The game will be released worldwide this January 2015 with a US$2 million bridge round publishing deal from gaming company Pocket Playlab.

Nikki Assavathorn, Co-founder and CEO, Infinity Levels Studio, said, “We always wanted to make a game that will blow people away, a unique game that’s different and having an investor like InVent will help us further pursue our dream.”

Thanapong Na Ranong, Vice President, Intouch Holdings PCL, also commented on the investment: “The size of the global mobile gaming industry is massive. With our network, we believe that we can help Infinity Levels Studio become a worldwide success story.”

The company had previously raised an undisclosed amount of seed funding from Southeast Asia’s largest e-book store Ookbee and Singles Solution Co., Ltd. which owns MeetNLunch, the largest dating company in Thailand.

Founded in 2013, Infinity Levels Studio was previously known as Avalable (spelt without an ‘i’).

It also owns a dating mobile application and web service (http://www.available.dating).