The company intends to use the funds to accelerate the expansion of its massively multiplayer online (MMO) mobile browser gaming titles globally including the U.S. and emerging markets as well as extending HTML5 technologies in their MMO line-up.
Led by Artem Zinoviev, CEO, Playtox develops mobile browser-based massive multiplayer online games. Its planned expansion will allow gamers worldwide to play on any browser/OS from any device including smartphones and feature phones.
The company claims to have a base of 25m registered users with almost one million monthly active users (MAU) from Russia, Southern Asia and Latin America.
Games include World of Shadows, My Farm, and Gangsta.