Korean VC leads US$4M Huuuge investment

Colin Tung

13 November 2015 at 12:23 am

The California-based mobile social casino games studio signals interest in the Asian market

Mobile social casino games studio Huuuge Games has raised a Series A round of funding led by South Korean venture capital firm Korea Investment Partners (KIP), parent company Huuuge Inc. announced earlier today.

The funding will be used to fund the Palo Alto, California-based Huuuge’s global expansion and scaling of distribution, the company said in a statement.

Sang-Ho Park, Senior Principal at KIP, will join Huuuge’s board of directors.

“Huuuge is disrupting the free-to-play casino gaming market by providing a much more interactive social gaming experience and we are very pleased to be part of the growth story. Huuuge is a great example of a founder-led, data-driven, next-gen app business we like to invest in,” said Park.

Also Read: Mobile gaming in Southeast Asia will reach $7B by 2019

KIP joins Huuuge’s line-up of investors including Juha Paananen and Henric Suuronen, Co-founders at Singapore-based Nonstop Games, and will strengthen Huuuge’s presence in the Asia Pacific.

“We are excited to have Korea Investment Partners on board as one of the leading VCs with tremendous experience in gaming and social networks, especially in the Asian markets,” said Anton Gauffin, Founder and CEO of Huuuge Games.

Huuuge’s games are available on all major mobile gaming stores, including iOS App Store, Android Google Play and the Amazon App Store.

Image credit: Shutterstock

The post Korean VC leads US$4M Huuuge investment appeared first on e27.

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The California-based mobile social casino games studio signals interest in the Asian market

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