Studio hopes to double number of staff

Gree leads investment in Indonesian studio Touchten

Gree has led a Series C funding round for Indonesian mobile game developer Touchten.

As reported by e27, US firm 500 Startups was also named as follow-on investor. The funding follows on from ealrier Series A and Series B investments led by incubator Ideosource and VC firm CyberAgent Ventures. The amount of money raised to date has not been disclosed.

The funding will be used to double the number of staff at the studio, which currently sits at 35, as well as marketing its games.

Touchten has developed mobile games such as ReadHead Redemption, Teke Teki Saku and Dagelan, and is currently working on Brave Warriors: Zombie Revenge and Target Acquired. Its portfolio of games are said to have been downloaded more than 12 million times to date, with 1.5m of those in Indonesia.

“Southeast Asia is a market they (GREE) want to go to, and if the timing is right, they are looking to enter the market,” said Touchten CEO Anton Soeharyo.

“They feel that they need to go to the ‘biggest’ market which is Indonesia, but prefer to invest in (a) company that they know have potential. And they chose Touchten.”

About MCV Staff

Check Also

DEVELOP/JOBS: InnoGames – “The more different people come together in a company, the better.”

InnoGames is Germany’s leading developer and publisher of mobile and online games.