Press release: Invisible Walls targets 750k on Funderbeam
An award-winning game development studio, Invisible Walls plans to raise up to 750 000 euros on the global funding and trading platform Funderbeam. New funds boost the company in product development, community-building and team growth.
Invisible Walls, founded four years ago in Denmark, focuses on social strategy games that are growing as a niche to become niche busters. It’s a genre that puts communication and social interaction at the forefront among players, creating and maintaining close human bonds and friendships. The company 80 000+ users all over the world, with the US as the most active player-base.
“Our driver is to be a leader in social strategy games where social skills matter more than reflexes. We see significant progress ahead in terms of evolving our products, increasing revenue and expansion of our gamers community. With the funding, we’ve prioritized contributing to new intellectual properties, live operations management, sales and marketing,” explained Niels A. Wetterberg, the CEO, Founder and Producer of Invisible Wall. “Although our market is global, there’s a great international growth opportunity for us, especially in Asia.”
The investment round is led by Triple Dragon, a London-based finance company with a global reach specialising in funding games, applications, games publishers, and (mobile) advertising networks.
“Since following Invisible Walls from its inception, we’re very impressed with the company’s growth and ability to realise innovative ideas to their games. We see them becoming one of the top players in the social strategy game genre,” said Pieter van der Pijl, co-founder of Triple Dragon.
“It’s exciting to support investment round through the Funderbeam as it speaks volumes about Invisible Walls’ way to put their community first by allowing smaller investors to join professional investors as ourselves on this journey,” Pieter added.
The gaming industry overall is booming, becoming a mainstream phenomenon — a protracted corona pandemic drives the current increase reaching to people who are infrequent players or haven’t tried it at all. Global revenue in the industry is expected to jump 20% this year (to 175 billion USD).
Funderbeam serves investors from 129 countries and companies across Europe and Asia. Funderbeam Marketplace offers live and direct auto-match trading, allowing buyers and sellers to interact 24/7, 365 days a year. Trade settlement has a revolutionising T+10 minutes cycle provided uninterruptedly. The Funderbeam Venture Index reflecting assets listed on the marketplace has grown over 100% in the last six months. Funderbeam marketplace market cap is approximately €700M. The company has investment firm licenses from the UK, Estonia (EEA) and Singapore. Funderbeam, founded in 2013, is led by Kaidi Ruusalepp, a former CEO of Nasdaq Tallinn Stock Exchange and Central Securities Depository. Funderbeam has offices in London, Singapore, Copenhagen, Tallinn and Zagreb.