Vietnam’s social app Tappy has been acquired by the Silicon Valley cloud-based social games platform Weeby.co for an undisclosed seven-digit amount, through stock and cash.
Truong Thanh Thuy, founder of the Vietnamese app updated the information on her Linkedin profile, also revealing that she has joined Weeby.co team, a spinoff from Game Closure Inc.
Thuy is also the founder of Greengar, the first local startup that was invested in by the 500 Startups. Meanwhile, two other co-founders of Tappy, Leslie Ngan Nguyen and Thuc Vu, helped build Groupon, Box and Katango – which was acquired by Google in 2011.
Thuy said she had spent years creating at least 40 games and apps, adding that the mobile gaming business was “ridiculously hard” for a small game studios that had to compete with big companies.
“Weeby.co’s Producer (the US company’s new feature product) is exactly what smaller studios need — it’s a game changer of the industry. I’m very excited to be a part of bringing this product to the hands of developers and studios around Asia and globally,” she said in a statement.
“The team at Tappy are veteran operators in the Southeast Asia region. By acquiring Tappy and bringing on board the management team, we’re jumping forward half a decade in business and strategic partnerships,” said Weeby.co’s CEO Michael Carter.
Prior to this acquisition, Tappy had secured $200,000 from 500 Startups and several angel investors. It is a social app that transforms any location into a virtual online community where users can discover interesting people and relevant content.
The deal also sees the Mountain View, California-based company entering Asia.
Weeby.co reportedly raised a series A round of $12 million. The app allows users to create game engines, games, servers, graph data/matching algorithms, and developer and artist tools.
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