Wednesday, 5 July 2017

Shared Link: After Nonstop Games closed, its employees founded Mighty Bear Games; today it raised US$775K

Nonstop Games was a Singapore-based mobile games studio run by Finnish developers. Their hit game was strategy title Heroes of Honor. 

In 2014, it was acquired by Candy Crush maker King for about US$16 million. Two years later, Nonstop Games shuttered. 

But the journey for its employees did not end there. They pressed on, scouring the game development landscape for new compatriots to join their next adventure. Along the way, they recruited talents from renowned gaming studios such as Ubisoft, EA and LucasArts. 

With renewed vigour in their hearts and a hardy band of developers to boot, the Nonstop Games alumni roared back with a spanking new enterprise. 

They called it Mighty Bear Games. 

And today, Mighty Bear raised US$775,000 in a round led by Global Founders Capital, the venture capital arm of Rocket Internet. 

Mighty Bear will use the newly-raised financing to develop its new mobile MMORPG (Massive Multiplayer Online Roleplaying Game). Details of the game have not been disclosed. 

It is interesting to note that despite receiving offers from the US and Europe — two markets with long history of producing top rated games — the Nonstop Games alumni chose to, once again, base their gaming studio in Singapore. 

“One of the interesting developments we’ve seen is that Singapore-based studios are starting to gain traction with their own IP,” says co-founder and CEO Simon Davis, in an interview with e27.

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