Wednesday, January 30 10:51:29
Digit Game Studios, Ireland's largest indigenous games developer, has closed a USD2.5 million Series A funding that will see the firm double in size and take on 25 new staff.
Delta Partners invested US$2.1 million from its Delta Equity Fund III Limited Partnership, with the remainder of the funds provided by the other existing investor ACT Venture Capital.
"This latest funding round will help accelerate Digit in its goal of disrupting the games industry with a new cross platform technology and awesome games," said Richard Barnwell, CEO at Digit.
Founded in early 2012 by a team of games industry veterans, Digit has been busy developing its first game, Kings of the Realm (KotR).
This is a massively multiplayer strategy game that works across any connected device - an approach they call "Seamlessly Cross-Platform".
"Seamlessly cross-platform is a new way of playing games. It allows our games to be played on any connected device and our players can transition between them. Players can play on their browser in the morning, their smartphone on the train and on their tablet in the evening. They can also play against friends who are using a different device," said Martin Frain, CMO at Digit.
"We've been working with the Digit team since the company was founded and have been very impressed with the vision and understanding of games industry. We believe "Seamlessly Cross Platform" games will be a transformational development in the games industry and the Digit management team has the experience and drive to be a global leader in this segment," said Maurice Roche, General Partner at Delta.
This funding round takes the total amount raised by Digit to USD3.75m with both Delta and ACT , from the AIB Startup Accelerator Fund, previously investing in Digit's seed round. Kings of the Realm is due out later this year, along with the first book in a series from Penguin.