Idinvest leads €6m round for Social Point

Nauta reinvested in the firm through the Nauta III vehicle, which closed on $150m in 2011.

The fresh capital will expand the firm's staff base, prepare the company for expansion into Asian markets and support the development of mobile games.

Previous funding
In June 2011, Nauta invested €2.4m in Social Point as part of a series-A round via its Nauta III fund.

Company
Founded in 2008 and based in Barcelona, Social Point produces social games that are monetised through the Facebook platform.

The company currently employs 70 people and plans to hire a further 40 by the end of the year. In 2011, the firm reported a €3.3m turnover, and expects to report sales of €13-14m this year.

People
Javier Rubio is a partner at Nauta and sits on the Social Point board.

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• Topics
• Southern Europe
• Consumer
• Expansion
• Spain
• Nauta Capital
• IDInvest Partners (AGF Private Equity)