Tandem’s first three gaming ventures generate $100M in revenue
Mobile incubator Tandem Capital announced today that its first three gaming ventures–BitRhymes, PlayHaven and Gimmie — have collectively generated $100 million in revenue for the year.
Back in June, The Burlingame, Calif.-based Tandem announced it had closed $32 million in funding for its mobile-exclusive accelerator. The service provides mobile startups with $200,000 in initial funding as well as assistance in business operations like strategy, product design and more.
Tandem co-founding partner Doug Renert said in a press release accompanying today’s announcement his company plans to continue investing in at least three new gaming startups per year. Voice integration platform Appington is the most recent gaming investment for the incubator.
According to PlayHaven CEO Andy Yang, assistance from Tandem has helped the mobile game marketing platform get implemented in more than 2,500 games from developers including Breaktime Studios, Glu Games and Digital Chocolate. Bingo Bash developer’s CEO and co-founder Sumit Gupta said Tandem’s focus on multiplayer helped BitRhymes go from 25,000 monthly active users (MAU) to 5 million MAU in 12 months.
App developers interested in joining the accelerator’s next class should apply before Jan. 3, 2013.