Koukoi Games, a Finnish studio launched earlier this year that encompasses former Rovio and Nokia talent, has managed to raise roughly $1 million from a group of investors led by a VC in Singapore.
Koukoi Games, a Finnish studio launched earlier this year that encompasses former Rovio and Nokia talent, has managed to raise roughly $1 million in investments from a group led by the Singapore arm of Frontier Accelerator.
It's interesting to see an Asian-focused arm of a VC firm pour money into a Finnish mobile studio at a time when some European investors are championing Europe's game biz -- and the Finnish mobile game sector in particular -- as the world leader in creating value (and thus, by extension, juicy investment opportunities.)
The demand for mobile games in Asia is also seen to be growing fast, especially in Southeast Asia, and Frontier seems intent on steering Koukoi towards this market.
"Along with their other internationalization plans their target is to conquer Asian markets in the long run," reads a Frontier blog post regarding the firm's investment in Koukoi. "Together with Frontier, [Koukoi]'s target is to start having a local market presence from Singapore and expand it towards other areas of Asian market."
Koukoi's debut release, a mobile game known as Crashing Season, is expected to launch later this year.
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