Co-investment in Pixonic (Russia)
Pixonic, a Russian social game publisher, has raised USD 5 million in a round of funding with a valuation of USD 10 million. Investors include TA Ventures, Kite venturess (Russia) and Ventech (France).
Founded in 2009, Moscow based Pixonic is a social game publisher with a large catalogue of games already to their credit. Games include a large variety of themes ranging from Fashion Design to War Games. To date, the company has raised over $6 million in 3 rounds of financing.
Pixonic was founded by Elena Masolova whose name is most notable for bringing Groupon to Russia. Company management contains some of the finest gaming and Internet professionals in the country. The company is currently trying to reach a world wide market with their games and is actively seeking representatives outside of Russia to promote their catalog.
More News