Singapore’s Inzen Studio raises $720k Series A funding

Singapore-based mobile games developer Inzen Studio has raised  S$935,000 (US$717,288) in Series A financing from a bunch of investors led by Japan’s Incubate Fund.

Others who joined this round include Singapore-based Hatcher, Global Mobile Game Confederation and angel investors Hans De Back and Melvin Tan.

Inzen joins the likes of Singapore-based King Studio Nonstop Games and Booster Pack Studio, in raising over a million dollars towards funding. King Studio has raised close to $3 million so far, while Booster Pack Studio has bagged financing to the tune of $1.48 million.

The studio, which has now completed two years, had earlier secured $423k seed funding from angel investors Hans de Back and Harveen Narulla, taking the total capital raised to $1.36 million.

The funding will help the company expand to other geographies, especially China, and this is where Global Mobile Game Confederation (GMGC) comes in.

“We’re going to launch a portfolio of great games in China come 2015. A tactical free-form formation shmup, an online multi-touch projectile rebounding PvP game, and a couple more that are in the works! We’re really delighted to have the GMGC on board. Through them, we’ll be able to extend our reach in China and connect with even more Chinese gamers via their publisher networks,” said Gerald Tock, Co-founder and Chieftain, Inzen

Added Song Wei, Secretary General, GMGC: “China’s market is growing tremendously at the moment. Publishers and platforms are eager to partner with new content providers to bring fresh, original experiences to their users. Inzen has invested time and effort in immersing themselves in the Chinese market and we believe that they will be a great international partner for domestic companies looking to broaden their portfolio.”

In a detailed, yet lively blog post on its website, Inzen said that one of the two games it was working on currently had became the top game in China’s App Store when it was soft launched recently.

The company, which has about 13 employees across Singapore and Uraguay,  has so far released two games, the first being WHYMOOLAH, an entertaining simulation to play out life in the city-state, and deals with practical information about living here. This was developed in collaboration with PlayMoolah.

According to information available on its website, the other game is Amazing Studly Strikes, a fast-paced action smash fest, where one plays a warrior on a mission to regain his family’s former glory and should attempt to make the treacherous climb to the top of Megastructure One, while fending off dozens of men in ape suits, elephants, giant mecha gorillas and big nasty tentacles.

Inzen also released a charming comic strip to mark its funding. See it here

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.