We Just Closed €1.9m in Series A
by Ville | 1 Comment »We’re excited to announce that we have closed a € 1.9 million (roughly $ 2.5 million) in Series A from a truly great set of investors, namely Index Ventures, London Venture Partners and Initial Capital.
The single biggest reason we went with Index, LVP and Initial Capital was since they believed in our vision of creating a whole new category of games that will take the industry into a new direction just as passionately as we do. Already in the first meeting that we ever took with them they felt the same excitement about what we are doing as we have always felt in building Shadow Cities. We are excited to welcome Ben Holmes of Index Ventures, David Gardner of LVP and Petteri Koponen of Lifeline Ventures to our Board. You guys rock!
This will be on top of the Seed round we raised from Lifeline Ventures, Ilkka Paananen and Mikko Kodisoja in late 2010.


[...] it’s come to my attention that two months ago a Finish outfit called Grey Area Labs closed on around $2.5M in funding to build their geolocation aware MMO. That’s an ignorant amount of cash for a business plan [...]