Portalarium Closes Second Financing

Portalarium, an Austin, Texas-based publisher and developer of games for social network and mobile platforms, closed a second round of financing.

Investors include new backer m8 Capital, existing shareholder Founders Fund and other business angels.
The investment, which brings the total amount raised to date to $3.6m, will help the company scale the business and expand in Europe.

Formed in September of 2009 by game developer Richard Garriott and led by CEO Fred Schmidt, Portalarium is preparing to launch a new social media game in the next months.

Its existing titles include Port Casino Poker™ and Port Casino Blackjack™ on Facebook. Port Casino Poker was recently released for Apple’s iPad and versions for iPhone and Android will be launched during the year.



Join the discussion