HTGF co-leads seven-figure seed round for UP WebGame

Having sourced the transaction through their venture network, the investors were attracted by the fast-growing market, which grows by three-digit figures every year, as well as by the concept of social gaming.

The experienced team was cited as another factor, which is believed to be especially important in the dynamic market.

Company
UP Web Game GmbH is in the process of developing a social web game, details of which are undisclosed. The company has a team of eight employees and is based in Cologne. The co-founders developed the idea in 2005, but primarily created online video platform sevenload. The company was founded at the end of 2009.

People
Andreas Quauke handled the investment on behalf of HTGF.

Advisers
Equity – Osborne Clarke, Nicolas Gabrysch, Konstantin Ewald (Legal).

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• Topics
• Early-stage
• DACH
• Consumer
• Germany
• seed