Pocket Gems Garners $60,000,000 New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bfe9fd03-e9e0-4e99-a3c4-7b59b6e81fbb - Date
5/14/2015 - Company Name
Pocket Gems - Mailing Address
220 Montgomery Street San Francisco, CA 94104 USA - Company Description
Pocket Gems, a pioneer of the movement of social games to mobile, developed a series of phenomenally successful free-to-play mobile games that have been downloaded more than 15 million times. - Website
http://www.pocketgems.com - Transaction Type
Venture Equity - Transaction Amount
$60,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
Pocket Gems will benefit from Tencent’s deep expertise in building and commercializing games and interactive entertainment. The partnership will present Pocket Gems with opportunities to expand into global markets including China, which grew in excess of 100 percent in 2014. Tencent can also benefit from Pocket Gems’ proven capability in developing highly engaging mobile games and strong understanding of Western mobile game players. - M&A Terms
- Venture Investor
