Hamburg, 13 June 2012: iVentureCapital GmbH acquires a share in development studio, MobileBits GmbH. Based in Hamburg and Hannover, MobileBits ( www.mobilebits.de) was established in March 2009 by Karsten Wysk, Boje Holtz, Leif Griga and Benjamin Nitschke. The founding quartet and their team of more than twenty employees concentrate on developing games for various platforms such as Android, iOS, browsers and consoles. An important asset is their proprietary, multi-platform-capable Delta Engine ( www.deltaengine.net), most recently used to develop the free-to-play action RPG, SoulCraft ( www.soulcraftgame.com) for Android, which is about to be published on other platforms as well.
As a strategic investor, iVentureCapital primarily seeks out promising startups developing innovative, high-potential games and technologies. The Delta Engine designed by MobileBits is a powerful tool which allows games to be published on all platforms with their own app stores, requiring only minimal adjustments. Currently the engine supports Windows, iPad, iPhone, Android, Android Tablets and Windows Phone 7. In addition, MobileBits is one of the select few partners in the Microsoft BizSpark One program, an exclusive group of 100 out of 45,000 BizPark members ( www.microsoft.com/bizspark/One/) benefiting from targeted support and heightened exposure through Microsoft’s industry initiative.
For Michael Reul, iVentureCapital co-founder and senior partner, this is not the only reason to invest in the company: “MobileBits’ four-man founding team has years of experience in the games industry, and has delivered convincing results throughout. The innovative Delta Engine allows new free-to-play games like SoulCraft to be played on mobile devices, browsers and, in the near future, also on consoles. We have reached a stage in which the creation of exciting content, as well as making it accessible across a wide range of platforms, are both critical factors for success. Investing in MobileBits associates us with a company that has built up unique expertise in both areas.”
MobileBits CEO, Karsten Wysk, on the iVentureCapital investment: “We made a very conscious decision in our new financing round to go with iVentureCapital, based mainly on their know-how in traffic generation, billing and the monetization of online content. At present, MobileBits is fully focused on the development of our action RPG, SoulCraft, which is not only multi-platform-capable, but utilizes a cloud technology that will also allow the consistent implementation of up-to-date versions on different end user devices.”
Apart from iVentureCapital ( www.iventurecapital.com), High-Tech Gründerfonds and Hannover Beteiligungsfonds have invested in MobileBits.
In addition to MobileBits, iVentureCapital recently invested in Farbflut Entertainment ( www.farbflut.com). The portfolio also includes BillingPartner ( www.billingpartner.com), TrafficCaptain ( www.trafficcaptain.com) and Infernum ( www.infernum.com). iVentureCapital is seeking other games industry startups for strategic entrepreneurial involvement, i.e. ‘smart money’ investments, which can benefit from the investors’ long-standing experience and synergies with the other companies in the iVentureCapital portfolio. These include developers of browser and mobile games, as well as gaming portals, and affiliate and ad programs, that have begun to establish a successful track record.
About iVentureCapital GmbH
iVentureCapital GmbH was founded in 2011 and invests early stage capital and later stage capital in innovative game developers (Browser, Mobile), game portals, providers of technology and affiliate programs. Apart from the headquarters in Hamburg (Germany), there are offices in Vienna (Austria) and Miami (USA). iVentureCapital considers itself a mid- to long-term investor. Therefore, both exit- and dividend-oriented investments are interesting options. iVentureCaptial focuses on startups which have been in business for at least 12 months. They should be able to present first achievements. Please find more information at www.iventurecapital.com.
About MobileBits GmbH
MobileBits was founded in March 2009 by Karsten Wysk, Boje Holtz, Leif Griga and Benjamin Nitschke gegründet. The studio specializes in the development of games for all platforms and has its own app store (iPhone, Android, Windows Phone 7, and more). The 25 staff members are based in branches in Hamburg and Hannover. Over a ten-year period up until 2009, the team developed games for PC, XBOX360 and Playstation 3 under the exDream ( www.exdream.com) name. MobileBits now focuses on games for digital distribution through app stores, and on its proprietary Delta Engine. More information is available on www.mobilebits.de.
About High-Tech Gruenderfonds
High-Tech Gruenderfonds invests in young, high potential high-tech startups. The seed financing provided is designed to enable startups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Technology, the KfW Banking Group, as well as thirteen industrial groups of ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Qiagen, RWE Innogy, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 563 million under management in two funds (EUR 272 million HTGF I, EUR 291 million HTGF II). More information is provided on www.en.high-tech-gruenderfonds.de.
About Hannover Beteiligungsfonds (HBF)
Financed by the City and Region of Hannover and the European Regional Development Fund (ERDF), Hannover Beteiligungsfonds provides equity capital to enable technology companies in the greater Hannover area to implement innovative business concepts. In collaboration with private investors, HBF gives technology-oriented companies access to the capital market. The fund is managed by EnjoyVenture, ensuring professional support for the joint ventures. In total, Hannover Beteiligungsfonds has EUR 24 million worth of assets under management. Additional information is provided on www.enjoyventure.com.
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