14 Oct '15, 1pm

Playlab unlocks $5M funding to be #TOP #mobile gaming player in Southeast Asia

Playlab unlocks $5M funding to be #TOP #mobile gaming player in Southeast Asia

Playlab unlocks $5M funding to be top mobile gaming player in Southeast Asia October 14, 2015 Bangkok-based mobile game development studio Playlab has secured US million for its series B round, it announced today. The investment came from Southeast Asia-focused venture capital firm Monk’s Hill Ventures. It’s the first external investment for the game developer, which has relied on self-funding and its own revenue so far. “Prior to this, we made most of our revenue in Western markets, but due to our location we have followed Southeast Asia for some time,” Jakob Lykkegaard, co-founder and CEO of Playlab, tells Tech in Asia . The company sees an opportunity to get in on the burgeoning mobile games market in the region. Jungle Cubes is the latest game developed and published by Playlab. According to a report by international consulting firm Frost & Sullivan, mobile gaming reve...

Full article: http://svca.org.sg/playlab-unlocks-5m-funding-to-be-top-m...

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