Space Ape Games clinches £4.5m from Silicon Valley Bank
UK mobile game developer's first game was downloaded 11 million times by users from across the globe
Mobile game developer Space Ape Games has announced that it has secured £4.5m growth capital from technology venture firm Silicon Valley Bank.
Founded in 2012 by John Earner, Toby Moore and Simon Hade, the UK-based company creates free-to-play multiplayer games for iOS and Android. Its first game, Samurai Siege, achieved 11 million global downloads – totalling $23m in revenue since launch in 2013.
The investment will be used to finance the international launch of its second game Kingdoms: Age of Ruin in May 2015.
Space Ape Games CEO, Earner, said: “This financing will enable us to continue to grow the business and further invest in building a strong team. Working with Silicon Valley Bank isn’t just about financing, but about making the right connections.
“Space Ape Games is a games developer but we are also a start-up looking for the best talent inside and outside the games industry. Silicon Valley Bank has been among our most supportive partners, and we're excited about the years ahead.”
Erin Platts, Managing Director of Commercial Banking at Silicon Valley Bank, commented:
“The future of the gaming industry depends on innovative technology that can deepen the gaming experience. Space Ape Games plays an important role in disrupting this industry and we look forward to supporting their future success.”