Homa Games raises USD 50 million to boost its hypercasual gaming tech
Mobile gaming firm Homa Games has reportedly raised USD 50 million in a Series A spherical led by early-stage enterprise capital fund, Northzone. The funding spherical comes simply seven months after its seed spherical which was led by Eurazeo and Headline.
Homa Games is planning to recruit over 100 individuals within the subsequent 12 months to double down on its tech imaginative and prescient, full new strategic acquisitions, and companion with international manufacturers equivalent to Hasbro.
The firm lately hit a document excessive of 500 million installs, which marked a 50% improve from February 2021, when it had managed to generate 250 million downloads.
Homa Games primarily focusses on the event of informal, hypercasual, and board video games section of the cell gaming sector that requires a technology-driven and methodical method. The startup has created its personal tech stack that enhances the efficiency of every recreation.
This makes the method extremely handy, as recreation builders can construct a prototype utilizing Unity and current it to Homa Games, after which, the corporate can take a look at the viability of every prototype after which publish it on Play Store & App Store.
It is value noting that hypercasual cell video games permit builders to considerably shorten the event interval of a recreation and deal with one key idea that can make it extremely engaging to customers. All of Homa Games’ extremely profitable launches that have been listed within the high 20 most downloaded video games within the Play Store and App Store have been developed in eight days or much less, cited credible sources.
According to the corporate, the hypercasual video games are monetized via interstitial advertisements, subscriptions, and in-app purchases. Players are given the choice to watch an advert to progress sooner within the recreation.
The firm has launched a complete of 40 video games to date. It lately hit a document excessive of 500 million installs, which marked a 50% improve from February 2021, when it had managed to generate 250 million downloads. It expects to launch 20 extra video games by the top of this 12 months.
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