Big Fish Games swallows Grubby Games
Big Fish Games has acquired game development studio Grubby Games as it makes its first big spend from the whopping $83.3 million war chest it raised last year September to fuel expansion. Terms of the acquisition were not disclosed, but the Big Fish Games blog notes that Grubby Games co-founder Ryan Clark will run the company’s Vancouver office.
With lots of competition in the casual game space, some consolidation is predictable. Among Grubby’s hit games are… Continue Reading
Casual games are growing but have a mixed outlook
Paul Thelen, chairman and chief strategy officer of casual game distributor Big Fish Games, said his company grew faster in the fourth quarter than it did at any time in the past two years. That raises the question: Just how is the recession affecting casual games?
“We do see a little delinquency in credit cards,” he said during a panel at Casual Connect in Hamburg. But he also said those players who do pay are actually… Continue Reading
Updated: Game and virtual world fundings top $885 million in 2008
See our updated post on this data.
We’ve updated to include data from Virtual World Management’s list, so the number is much bigger than we reported earlier]. In 2008, VentureBeat chronicled lots of game and virtual world fundings. Our updated list shows 93 game companies that raised more than $885.6 million worth of venture capital and angel funds. That’s nothing compared to the $4.1 billion that went into U.S. deals for clean tech, according to the… Continue Reading
Big Fish Games raises $83 million venture round for downloadable games
The party is on for video game entrepreneurs. Big Fish Games just raised the bar for the industry by reeling in a huge venture round by video game standards.
The Seattle-based casual downloadable games company raised $83 million in a first round of financing from Balderton Capital, General Catalyst Partners, and Salmon River Capital. That’s the biggest round I can remember for a game company. The deal is the largest in the state of Washington this… Continue Reading