PlaySpace secures around $1M in latest funding round

Scandinavia doesn’t have a monopoly on European gaming. Spain is a growing part of the continent’s industry.

Developer PlaySpace, which specializes in social and casual games, has closed a funding round worth $1 million. The José Manuel Entrecanales Foundation led the round with participation from previous investor Faraday Venture Partners. This brings PlaySpace’s total investment to $3 million.

With this latest influx of cash, PlaySpace plans to expand its mobile efforts. The company recognizes the growing importance of smartphones not only on a global level but also in its native Spain.

PlaySpace also intends to work more on establishing its games in important markets like the United States as well as growing regions in Latin America.

Pablo Ventura, who directs The José Manuel Entrecanales Foundation, said in a statement that he would not traditionally put funds into gaming. But PlaySpace’s recent results impressed him.

“I am proud to be able to say that [the foundation] believe in the project,” PlaySpace chief executive officer Alfonso Villar said.

PlaySpace has 25 employees working to serve more than 10 million registered gamers. It also claims to have 1 million monthly active players that engage with PlaySpace products on Facebook, iOS, Android, the web, and more.

The company specializes in bringing familiar and traditional games like dominoes and Bingo to multiple platforms with colorful and unique art that stands out from the crowded social-gaming scene.