Beamable Closes $5M Equity Funding Round

Beamable, a Boston, MA-based provider of game makers with a technology platform to continuously operate, update, monetize and socialize their games, raised approximately $5m in equity funding round.

The round was led by Companyon Ventures and GrandBanks Capital, and joined by investors from, Oyster Funds, and others.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Jon Radoff, CEO, Beamable provides a Software-as-a-Service platform for the business operations of live games. The platform is integrated with the Unity 3D engine, enabling game developers to focus on the creativity and differentiation of their products.

Since last year, the company has signed up over 100 game studios to its platform. Over 20 million users have accessed games built on Beamable, resulting in $150M in revenue transacted over the platform.