N3TWORK Raises $40M Series C to Fuel New Games, an Accelerating Scale Platform for Developers, and Growth for Its Community & Media Network
SAN FRANCISCO--(BUSINESS WIRE)--Nov 21, 2019--
N3TWORK has closed $40 million in a Series C financing round to accelerate the growth of the company across its first-party games portfolio, live games publishing platform, and media and audience network. The investment came from Griffin Gaming Partners, Galaxy Digital Capital, KPCB Holdings, Korea Investment Partners, TABLE, Blue Planet Software and Ocean Road. As part of the round, former Lionsgate Interactive president and Griffin partner Peter Levin has joined the Board of Directors.
“It’s an exciting time to be in our space; we see a massive opportunity to unlock,” said Neil Young, CEO, N3TWORK. “Mobile entertainment is now at the center of our daily lifestyle and everyone plays games. We are incredibly focused on creating a company that can fully realize the opportunity through combining the best games, the best developer platform and community network to entertain every type of player.”
N3TWORK’s vision is built on three pillars: developing a diverse portfolio of highly engaging games, providing a world-class live games publishing platform for developers, and building an audience network to cultivate lasting fan experiences by fusing media, messaging and information together with their favorite games. The company’s recent funding round will accelerate investment across all areas of the business.
“N3TWORK has a clear vision to build the next great games company, leveraging the power of a modern media company model,” said Peter Levin, managing director, Griffin Gaming Partners. “N3TWORK has all the ingredients of a company of destiny: a great team, a great structure to build a growing and virtuous cycle around games & communities, and an advanced platform that underpins its ability to serve live games and their audiences.”
N3TWORK’s current first party game portfolio includes popular action puzzle RPG Legendary: Game of Heroes, and the upcoming Tetris and a range of unannounced titles under development. The recently announced developer solution, SCALE PLATFORM, is already serving live games and rapidly integrating partners. THE N3TWORK, the company’s media and community app, has been in testing and will be fully deployed in 2020 both to players and as a tool for developer partners to build direct relationships with their communities.
N3TWORK is a new type of games, media, and technology company at the intersection of entertainment and community. N3TWORK is backed by a variety of investors including Blue Planet Software, Eniac Ventures, Floodgate, Griffin Gaming Partners, Galaxy Digital Capital, Kleiner Perkins Caufield & Byers, Korea Investment Partners, Ocean Road and Table Management. The company’s flagship title Legendary: Game of Heroes, an innovative mobile fantasy puzzle RPG, has established new standards in live service and community engagement. N3TWORK’s Scale Platform was announced in 2019 and will provide mobile app developers an opportunity to scale their businesses by providing user acquisition technology, expertise and capital. For more information on N3TWORK visit: https://n3twork.com/
View source version on businesswire.com:https://www.businesswire.com/news/home/20191121005211/en/
CONTACT: Sibel Sunar
fortyseven communications (for N3TWORK)
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC GAMES FINANCE ENTERTAINMENT PROFESSIONAL SERVICES MOBILE ENTERTAINMENT SOFTWARE GENERAL ENTERTAINMENT INTERNET CONSUMER ELECTRONICS
Copyright Business Wire 2019.
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