Interactive

Korea – Huuuge Games raises $4m investment from Korea Investment Partners

By Phil - 16 November 2015

Huuuge, a leading innovator in mobile free-to-play social casino, has confirmed an investment of $4m led by Korea Investment Partners (KIP).

The financing will be used to fund Huuuge’s global expansion and scale the distribution efforts. Sang-Ho Park, Senior Principal at KIP, will join Huuuge’s board of directors.

Mr. Park said: “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. Team Huuuge is one of the most experienced mobile game development teams we have met, and we value their commitment to quality and innovation. What Anton and the team have achieved over the past year is really impressive. Huuuge is a great example of a founder-led, data-driven, next-gen app business we like to invest in.”

Anton Gauffin, CEO of Huuuge, said: “With our Series A funding, we plan to further scale our business globally in this ‘huuuge’ mobile gaming market. We are excited to have Korea Investment Partners on board as one of the leading VC’s with tremendous experience in gaming and social networks, especially in the Asian markets.”

Korea Investment Partners strengthens Huuuge’s strategic investor line-up and will increase the company’s presence in APAC. Huuuge’s existing investors consist of mobile gaming heavyweights from Silicon Valley, Berlin and Singapore, including Seppo Helava, founder of what is now Big Fish Casino, Juha Paananen and Henric Suuronen, cofounders at Nonstop Games, and Wibe Wagemans, former SVP at Rovio and Big Fish Mobile.