Kiwi Raises $15 Million for Development of Cross-Platform Mobile Games
Westbound developer Kiwi has announced it has closed a $15 million Series B financing round, led by Northgate Capital with participation from DFJ and existing investor Sequoia Capital. The developer has experienced ample success with its apps on Android devices, but will use the funding to create a new series of cross-platform “AAA-quality” mobile titles. In addition, the company will improve its distribution and monetization tools, which Kiwi says will “affect the entire mobile ecosystem.”
“Our early focus in the rapidly growing Android ecosystem has allowed us to build top free-to-play mobile games on Google Play and develop tools that we are making available broadly to benefit all developers,” said Omar Siddiqui, CEO of Kiwi. “This new funding round will help us to bring these tools to market as we also invest in the next generation of our cross-platform, AAA mobile titles.”
Kiwi’s team is comprised of industry veterans, with experience at Trippert Labs and Playdom / Disney. The core of Kiwi’s team previously helped create one of Playdom’s most popular titles, Gardens of Time. In 2011, Kiwi was formed to capitalize on the growing mobile market, rather than to continue to focus on Facebook game development.
Since launch, the company has had five games reach the Top 25 Grossing apps on Google Play. This round takes the company to $21 million in total funding.
For more on Kiwi, check out our Q&A with Kiwi CEO Omar Siddiqui, from earlier this year.