Accel and T-Venture in series-C round for Flaregames

The fresh capital will be used for new hires and to market the company's upcoming free-to-play mobile games. Flaregames says it intends to hire additional senior personnel and has six games in development at its studios in Frankfurt and Karlsruhe.

The mobile gaming segment is proving popular among GPs, with Oxford Capital leading a $5m round for Dundee-based Outplay Entertainment last week. Existing investors Pentech Ventures and the Scottish Investment Bank also took part in the round.

Previous funding
According to unquote" data, Accel and Flaregames co-founder Klaas Kersting invested €6m in February 2012. Accel took a 17.7% stake in the company, having already acquired a 3.2% stake in May 2011. In April 2012, T-Venture committed €2m to the mobile gaming company, which has now received a total of €17m in financing.

Company
Headquartered in Karlsruhe, Flaregames develops mobile games for smartphones and tablets. Since its founding in 2011, it has seen a threefold increase in its workforce to 30 people, moved to bigger offices and grown to seven-figure revenues per month.

All of its games are free to play, including its first game, BraveSmart, launched in May 2012, and the Royal Revolt series. Royal Revolt II, which was released in February 2014, accumulated 1.5 million downloads on iOS and Android within 10 days of release.

People
Klaas Kersting is CEO of Flaregames. Harry Nelis is partner at Accel and member of the Flaregames board.

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• Topics
• DACH
• Technology
• Expansion
• Germany
• Accel Ventures
• T-Venture