Yodo1, a Beijing, China-based publisher and platform provider for mobile games, raised $11m in Series B financing.
The round was led by GGV Capital, with participation from Singtel Innov8 and new investors Pavillion Capital and Iris Capital.
The company, which has raised $18m since its founding in 2011, will use the funds to strengthen its core business and support strategic expansion into Japan and Korea.
Founded in 2011 by CEO Henry Fong, Yodo1 provides a publishing platform for mobile game developers to gain traction and monetize throughout China and the world. Its Kryptanium is an in-game community SDK for developers who want to sustain growth and engagement.
The company has co-developed a number of hit games featured on Apple’s App Store, Google Play, and China’s top Android app stores, including Cavemania from Bonus XP (Texas), Cut the Rope: Time Travel from ZeptoLab (Russia), Powder Monkeys from XMG Studio (Canada), Ski Safari from Defiant Development (Australia), and Clouds & Sheep from HandyGames (Germany).
Yodo1 also has a presence in San Francisco, Shanghai and Seoul.
FinSMEs
10/12/2013