Investments

More wood for the Spanish gaming fire: Playspace receives investment from FJME and Faraday

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Written by Jaime Novoa

Spanish gaming startup Playspace has closed an investment round from FJME and Faraday, bringing the total raised by the company to $3 million.

playspace investment

Mobile and social gaming startup Playspace has closed a new round of financing from FJME and Faraday Ventures, bringing the total raised by the Palma de Mallorca-based studio to $3 million. Neither the firms nor the company wanted to disclose the size of the investment, but we understand it’s in the $1 million range.

Playspace’s strategy is in brining traditional games such as Bingo, Domino or Parchis to smartphones and social networks (Facebook).

The company says it has more than one million monthly active users and it claims to have tripled its sales over the past two years (2012-2013-2014). Back in February, CEO and co-founder Alfonso Villar said that they’d reached seven-figure sales, which means that Playspace has surpassed the €1 million mark in 2014.

Although smaller, Playspace is part of a batch of Spanish gaming companies that are increasingly becoming forces within the European tech sector. Leaders include Socialpoint or Akamon Entertainment, who both have user bases and revenues in the millions.

About the author

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Jaime Novoa

Jaime Novoa is the Founder of Novobrief.

He is a technology writer turned investor at Madrid's K Fund. He was also a data analyst at Tech.eu.