{"id":6333,"date":"2017-11-28T01:04:00","date_gmt":"2017-11-28T01:04:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/310488"},"modified":"2017-11-28T01:04:00","modified_gmt":"2017-11-28T01:04:00","slug":"investors-pour-50m-into-social-casino-mobile-game-dev-huuuge","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2017\/11\/28\/investors-pour-50m-into-social-casino-mobile-game-dev-huuuge\/","title":{"rendered":"Investors pour $50M into social\/casino mobile game dev Huuuge"},"content":{"rendered":"<p>Free-to-play social\/casino game studio Huuuge Games confirmed today\u00a0(via <a href=\"https:\/\/medium.com\/huuuge-games\/huuuge-news-24c32eb4fec9\">Medium post<\/a>) that it has raised approximately $50 million from investors in a Series C round of funding.<\/p>\n<p>This may help mobile game devs better understand the state of the industry, as\u00a0Huuuge&#8217;s business seems to revolve around mobile F2P slots (pictured) and video poker games.<\/p>\n<p>It&#8217;s also\u00a0the studio&#8217;s biggest fundraising round yet, as it previously raised $4 and $4.6 million, respectively, in a <a href=\"https:\/\/www.gamasutra.com\/view\/pressreleases\/259278\/Huuuge_Games_Raises_4_Million_Investment_from_KoreaInvestment_Partners_to_Make_Mobile_F2P_Casino_Truly_Social.php\">2015 Series A round<\/a> and a <a href=\"https:\/\/www.gamasutra.com\/view\/pressreleases\/278582\/Huuuge_Games_Closes_46_Million_Series_B_to_Turn_F2P_CasinoGaming_Truly_Social.php\">2016 Series B round<\/a>. Most of the funding appears\u00a0to have come from investors headquartered in South Korea.\u00a0<\/p>\n<p>In his Medium post detailing the Series C funding Huuuge\u00a0chief\u00a0Anton Gauffin claimed that, while the company grew 900 percent last year and still generated a profit, it needed more funding to ramp up both game development and its marketing efforts.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Free-to-play social\/casino game studio Huuuge Games confirmed today\u00a0(via Medium post) that it has raised approximately $50 million from investors in a Series C round of funding. This may help mobile game devs better understand the state of the industry, as\u00a0Huuuge&#8217;s business seems to revolve around mobile F2P slots (pictured) and video poker games. It&#8217;s also\u00a0the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6334,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-6333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/6333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=6333"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/6333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/6334"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=6333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=6333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=6333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}