All the sessions from Transform 2021 are available on-demand now. Watch now.


akamon

Spanish startup Akamon Entertainment, a maker of social games played in Europe and Latin America, has raised 2.8 million euros ($3.65 million) in a first round of financing. Investors include Axon Partners Group and Bonsai Venture Capital.

The Barcelona-based company was the winner of last year’s Who’s Got Game contest for the best gaming startup at the GamesBeat 2012 conference.

The publisher offers social and casino games via its own and partner websites as well as via Facebook and mobile devices. The company specializes in taking games and “internationalizing” them by adapting them to local markets and promoting them with its portfolio of similar local products.

Webinar

Three top investment pros open up about what it takes to get your video game funded.

Watch On Demand

Last year, Akamon chief executive Vincenc Martí (pictured) talked about how the company adapts games between regions, keeping the rules 80 percent similar. As of last year, it has 38 games. It targets regions in southern Europe and Latin America that have been underserved.

Akamon will use the raised funds to beef up its marketing, hire new people, and expand into new markets. The company has 70 employees and plans to hire another 20 before year’s end. During 2012, the company generated revenues of $8.5 million and had positive earnings before taxes, depreciation, and amortization. It expects to nearly double that revenue to $16 million in 2013 by expanding into mobile games and new markets like Colombia and Mexico. It also plans new white label agreements with international partners.

All told, the company has more than 115 million users.

“We are delighted that two fund companies of such caliber as Axon Partners Group and Bonsai have joined the project,” said Martí of the funding, “bringing a profound knowledge of the Latin American market and an unparalleled track record of success with Internet companies respectively.”

Other shareholders include Grupo ITNet, Exelweiss, Carlos Blanco (executive chairman), and Martí. Akamon’s games include Tute, Tarot, Roulette, Parchís, Poker, and Dominoes.

 

GamesBeat

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
  • Newsletters, such as DeanBeat
  • The wonderful, educational, and fun speakers at our events
  • Networking opportunities
  • Special members-only interviews, chats, and "open office" events with GamesBeat staff
  • Chatting with community members, GamesBeat staff, and other guests in our Discord
  • And maybe even a fun prize or two
  • Introductions to like-minded parties
Become a member