Akamon Entertainment, the leading multiplatform social gaming company in southern Europe and Latin America has closed the first round of investment at 2.8 million euros, with which Axon Partners Group and Bonsai Venture Capital have become shareholders in the company.
Pr_Akamon closes first round of investment at 2.8 million euros
1. Akamon closes first round of
investment at 2.8 million Euros
Axon Partners Group and Bonsai Venture Capital join up with the founders of
the startup to close the first round of finance
The incoming capital will primarily go towards strengthening marketing,
expansion into new markets and team growth
Barcelona, 31 May 2013 – Akamon Entertainment, the leading multiplatform social gaming
company in southern Europe and Latin America has closed the first round of investment at 2.8
million euros, with which Axon Partners Group and Bonsai Venture Capital have become
shareholders in the company.
The capital injection, one of the largest in first round finance in the online sector in Spain, will
allow Akamon to strengthen investment in customer acquisition, enter new international
markets and promote the launch of new games for mobile devices, as well as to continue
investing in R&D and new products, and recruiting top talent in both the product and business
areas.
Akamon offers online social traditional and casino games via its own websites and those of its
partners, Facebook and mobile devices. It operates in southern Europe and Latin America, with
an innovative internationalisation strategy based on incorporating into its portfolio local games
from each new market it enters. The company currently has a total of 70 employees and plans
to recruit a further 20 before the end of the year.
Akamon closed 2012 with revenues of US$8.5 million and a positive EBITDA and expects to
close 2013 with US$16 million. This growth is the result of launching new games for mobile
devices, entering new markets such as Colombia and Mexico and new white-label agreements
with international partners.
In the words of Vicenç Martí, Akamon CEO, “We are delighted that two fund companies of
such caliber as Axon Partners Group and Bonsai have joined the project, bringing a profound
knowledge of the Latin American market and an unparalleled track record of success with
Internet companies respectively.”
2. With the inclusion of the new partners, Akamon shareholders are: Bonsai Venture Capital,
Axon Partners Group, Grupo ITNet, Exelweiss, and Carlos Blanco and Vicenç Martí – co-
founders and Executive Chairman and CEO respectively. The control of the company continues
to be in the hands of the founders and Carlos Blanco remains majority shareholder.
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About Akamon
Akamon Entertainment is an online social gaming company specialising in traditional and
casino games, operating in the south of Europe and Latin America via local portals, those of
partners that are leaders in the online field, Facebook, and mobile devices. The company,
which has its own development team and offices in Barcelona and Valencia, was recognised as
best emerging gaming company winning the “Who’s Got Game” competition in Games Beat
2012, as well as with the ‘Rising Star’ prize at the EGR Operator Awards in November 2012
where it was also awarded ‘Social Bingo Product of the Year’.
Akamon’s extensive portfolio consists of casino and local traditional games, such as Tute,
Tarot, Roulette, Parchís, Poker and Dominoes. All the games incorporate social features and
give players the opportunity to be part of a global gaming community of more than 11’5
million users, whereby they are online together and share their gaming experience, whether it
be via Akamon’s international portals, those of its partners, Facebook or mobile devices.
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About Axon Partners Group
Axon Partners Group is a venture capital management company with more than seven years’
experience in the Growth Capital market, specialized in technology and currently investing in
Spain, India and Latin America. Axon has presence in various markets, via offices in Madrid,
Bogotá, Miami and Bangalore and is currently managing funds of over USD $150 million. Axon
works with over 40 investors in different funds, including large financial institutions,
multilateral organisms, industrial corporations and family offices.
Axon brings together partners from a diverse range of backgrounds, with ample experience in
digital entrepreneurism, business development in the technology and communications sector,
as well as financial structuring.
3. ***
About Bonsai Venture Capital
Bonsai Venture Capital is an Internet focus VC which has invested, since 1999, in more than 30
online companies, with success stories like Softonic, Idealista, Infojobs, Neurona, Tuenti,
Wuaki, Toprural, Bodas.net, Offerum, Gigas, Niumba and now Akamon.
This background postures Bonsai with the best track record in the Spanish Internet Industry.
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For more information, visit http://akamon.com or contact:
Georgina Rifé i Domènech – +34 607 993 875
georgina.rife@akamon.com / Twitter: @AkamonEnt