Swedish Gaming Company Gets $6 Million Investment
Sweden-based mobile gaming company MAG Interactive has secured a $6 million USD funding round from Nokia Growth Partners (NGP) and a private investor.
The investment was revealed by MAG Interactive CEO, Daniel Hasselberg, on stage at Slush 2013 start-up conference in Helsinki.
The investment will help the company accelerate its plans for further growth in the mobile gaming space.
This follows the release of its first title, word game Ruzzle, which debuted in March 2012.
“We are looking forward to working with NGP to maximise the opportunities its investment brings,” said Hasselberg (pictured above).
“NGP is looking for people that can build large sustainable companies and Daniel and the MAG team have demonstrated great potential with their first titles. They are on track building the next major global gaming company from Scandinavia,” said Walter Masalin, principal at Nokia Growth Partners.
Ruzzle is a fast-paced puzzle game that challenges players to compete to find as many words as possible from a given set of letters on a four by four grid in two minutes by sliding a finger from letter to letter.
The game can be played in 13 different languages and is available for free on iOS, Android, Windows Phone, Amazon Kindle and Blackberry platforms. MAG Interactive is based in Stockholm, Sweden.
Nokia Growth Partners invests in companies that are working in the field of mobility, communications, and the internet.