18 Nov '11, 5am

@neotenylabs portfolio company @animoca raises millions in Series A funding

Neoteny Labs portfolio company Animoca raises millions in Series A funding November 18, 2011 by Terence LEE Animoca, a Hong Kong based games developer, has just raised Series A funding from Intel Capital and IDG-Accel, reported Inside Mobile Apps on 15th November. According to a reliable source, the sum is in the double digit millions. The prolific mobile games company has developed over 150 apps for both iOS and Android, and garnered over 21 million downloads. Noted games include Pretty Pet Salon and Baby Cortex . It is also a portfolio company of Singapore-based startup incubator Neoteny Labs . The company’s CEO David Kim said: “In just ten months we have built Animoca into one of the – if not the – largest app game companies in this part of the world.” Animoca will use the investment to develop its app business further. It is a spin-off company of OutBlaze Limited, a cl...

Full article: http://sgentrepreneurs.com/news-stop/2011/11/18/neoteny-l...

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