Northzone in $18m series-A for Seriously

The company's existing backers Upfront Ventures, Sunstone Capital and Daher Capital also committed funds to the round, which brings the total raised by Seriously to $28m.

The fresh funding will be put to work in expanding Seriously's production team for its Best Fiends game series, which it plans to expand beyond the current mobile platform, including a toy collection. Capital will also be invested in further marketing efforts.

Seriously's round is the second series-A for a Nordic startup led by Northzone in a month, with the VC having led an $8m fundraise for Fishbrain in July.

The funding round for Seriously raised more than three times the average series-A investment in the Nordic region, where the average is $5.65m and the median is $5m, according to analysis by The Nordic Web.

However, the time between Seriously's seed round and series-A was longer than the 15.2-month average for Nordic startups, having raised its first seed funding in November 2013.

Previous funding
Before its series-A, Seriously raised three seed rounds between November 2013 and November 2014.

The first fundraise saw the company raise $2.35m from Upfront and Danish VC Sunstone. A further $2.65m was raised from the same investors in July the following year.

Daher joined Sunstone and Upfront in November 2014 in a $5m funding round.

Company
Founded in August 2013 by a team of breakaways from Angry Birds developer Rovio, Seriously develops games for mobile devices, with its lead product being the Best Fiends trilogy.

Headquartered in Helsinki, the company has a second office in Los Angeles.

People
Nikolaj Nyholm is a partner at Sunstone. Björn Stray is a partner at Northzone. Andrew Stalbow is the co-founder and CEO of Seriously.

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• Sunstone Capital A/S
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