Vienna/Austria October, 2018. capital300 announces investment in Prague-based Gamee – the leading social and hyper-casual gaming platform – together with Credo Ventures, gaming investor Initial Capital and global venture capital fund Index Ventures. The investment will support Gamee to address the tremendous demand for social, mobile and easily accessible games and capture a significant part of the global 3 billion mobile gaming audience.
Gamee perfectly serves this demand and offers a platform of hyper-casual games that can be played instantly and without any download or install. The games can also be accessed in popular messengers like Facebook, Telegram or Viber. Millions of gamers are already enjoying Gamee games.
The capital300 team is thrilled to support the outstanding team of gaming aficionados based in Prague (Czech Republic) and headed by Bozena Rezab who is a serial entrepreneur and former head of Youtube monetization. The Gamee team is truly dedicated to create a platform for easily accessible and social games and we are looking forward to accompanying them on this journey.
In July 2018 global gaming revenue surpassed the combined revenue of the non-gaming entertainment industry. This $ 116 billion market is driven by the growth of mobile gaming, with over 3.3 billion mobile gamers across the globe. Mobile games make up 15% of all apps but account for over 70% of all revenue. Hyper casual games are gaining momentum as many people like to enjoy micro-leisure moments during breaks and between their daily routines, enabled by instant gameplay and ability to share and interact with their friends.
capital300 is a European venture capital fund to finance the internationalization of high-growth technology companies. The fund typically invests in Series A and aims to provide over € 100 million in capital, network and know-how for international expansion by investing together with global top VCs like Sequoia, Accel, Greylock or Index Ventures. capital300 was founded by Roman Scharf and Peter Lasinger and is based in Austria.
Dr. Peter Lasinger