Homa Games, out of France, is raising $50 million in a Series A round led by Northzone
Also participating are Spotify founder, Daniel Ek, Singular, and the founders of FuboTV and King’s.
Its Series A round comes just seven months after the seed round, which was led by Eurazeo and Headline. The company, Homa Games, is growing very quickly. Earlier this year, the company announced it had generated 250 million downloads. Now, in October, it says downloads have reached 500 million.
This Series A announcement comes just days after another startup, VooDoo, acquired French mobile gaming company, Beach Bum. It is likely that VooDoo paid several hundred million dollars for Beach Bum, but financials on the deal have yet to be released.
Homa is known for its games geared towards hyper-casual users, focusing on board games. It has, importantly, developed its own internal technology stack that helps to optimize the performance of each of its own games, as well as games from outside developers.
Any developer can build a prototype game and submit to Homa for integration of its technology, and determination of the games worthiness of being published.
The video game startup economy is red hot, and early round investors are making a killing.
Companies with unique, patented technologies, especially those that can be integrated by any developer (for a fee, of course), may be among the most sought after by the big players in the gaming industry.
As valuation on startups reach all-time highs, investors should focus their attention on early round investments in companies with patents and licensable technology, as these may represent the biggest growth opportunities, industry wide.
Read more about the Homa raise, HERE
Or learn more about patented, licensable game technology and early round investing, HERE
Source: https://techcrunch.com/2021/10/10/mobile-gaming-startup-homa-games-raises-50-million/