Next Games completes $5.64 million fundraising

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XDATA – November 5th 2015
Next Games successfully completed a $5.64 million non-brokered equity financing round. A total of eight investors started to subscribe to the round two days ago. The company closed three previous unregistered private placements which raised an estimated $12 million.
The company is registered in a foreign jurisdiction indicating the amount offered reported may only represent the portion of the placement earmarked by the company for US investors.
The company is a video game studio developing visually impressive, highly engaging mobile games. It is behind Compass Point: West, and The Walkig Dead. Investors include IDG Ventures, Jari Ovaskainen, Lowercase Capital, IDG Capital, AMC Networks Ventures, and York Ventures.
Teemu Huuhtanen (CEO) leads the Helsinki Finland based company which was registered in 2013. Next Games elected to keep its revenues undisclosed.
The executive team includes Teemu Mikael Huuhtanen.
The board of directors includes Jari Juhani Rainer Ovaskainen, Joakim Achren, Paul Rehrig, Peter Levin and Philip Sanderson.

The company has raised an estimated total of $17.64 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Next Games
Industry: Other Technology
Amount offered: $5.64 million
Amount placed: $5.64 million
SEC filing: Source
First sale: 11-03-2015
Data as of: 11-05-2015

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