Mobile gaming company Teatime Games just announced a $7.5m Series A round led by Index Ventures. VC fund Atomico also participated in the round. The investment brings total investment in the company to roughly $9m dollars, including a $1.6m seed round in late 2017.
“Games have always been an inherently social and multi-layer experience,” says Thor Fridriksson, CEO, and co-founder of Teatime Games.
“The overwhelming majority of mobile games, however, are single player experiences, while most multiplayer mobile games are turn-based and are played against invisible opponents. We are building Teatime Games on the premise that mobile games players crave a more social and personalized experience than they are currently getting, where communicating with friends and fellow players in real time not only enhances a game but is as important as the game itself. That’s why we’re developing the first real time communication gaming platform for mobile.”
The company will use the investment to double the team in Iceland, with a specific focus on software engineers.
Index Ventures investor Guzman Dias commented: “Like all the best games studios, Thor and the Teatime team have extraordinary pedigree in mobile games, accumulating years of experience of scaling up a gaming platform with over 100 million users. At Index we have been lucky enough to team up with games pioneers such as Supercell and King, and we believe Teatime have a similar size opportunity today – to lead the next wave in mobile games, by building the technology to spark a real time revolution in social games with the social element at its heart.”
The company was co-founded by ex-QuizUp CEO Thor Fridriksson, CFO Ymir Finnbogason, CTO Johann Bergthorsson and COO Gunnar Holmsteinn.
Teatime is currently hiring. Check them out on the Northstack Job Board.