Mobile slots developer Huuuge raised $50 million
While everyone is discussing loot boxes, social casinos are attracting new investors. The mobile slots developer studio Huuuge Games raised about $50 million of investments in the investment round of the series C.
The main investments in Huuuge Games came from South Korean investors.
According to the management of Huuuge Games, due to the raised funds, the company will increase game development and increase marketing costs.
The last investment round was the most successful for Huuuge. Over the previous two years, the studio raised a total of $8.6 million.
Huuuge Games specializes in mobile freeplay slots and video poker. According to the head of the studio Anton Gauffin, over the past year the studio’s revenue has grown by 900%.
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