In the continuing trend of mobile companies receiving investment or being acquired, we have yet another round of investment here. IN-FUSIO, the leading global game publisher and game services provider for mobile phones, today announced that it has raised $27 million in its latest round of financing. U.S. based venture capital firm Insight Venture Partners leads the funding, joining existing IN-FUSIO investors Banexi Ventures, Partech International, VPSA (formerly Viventures) and Innoven Partenaires. The capital raised will help to further secure IN-FUSIO's leading market share position in Europe, as well as its growing presence in the U.S. mobile gaming industry. Founded in 1998, IN-FUSIO pioneered the concept of downloadable games for mobile phones and has grown to be the largest mobile gaming company in Europe and China and since expanded its operations to the U.S. The management team's calculated and focused global expansion has placed IN-FUSIO as one of the most successful and profitable companies in the market with $14.4 million in revenues in 2003. |
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