Lockwood Publishing Has Raised $25m In Series A Funding Round
? Funding
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Mobile game developer Lockwood Publishing has raised $25m in a Series A funding round led by Tencent, with participation from Novator Partners, David Helgason, and Hilmar Petursson
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Lockwood Publishing will use the proceeds to further support and improve their main title Avakin Life
? Previous Rounds
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In August 2019, Lockwood Publishing raised an undisclosed sum from Novator Partners, CCP CEO Hilmar Pétursson and David Helgason
? Product
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Lockwood Publishing is known for its 3D virtual world Avakin Life, a life simulation game, with a gameplay based on living a virtual life and an emphasis on social component
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There are several apps in Avakin franchise available on IOS and Android platforms, which have been downloaded more than 90m downloads up to date
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The game saw its 3 million downloads peak in January 2020, but then started to lose its positions and since June 2020, the number of downloads has been steadily decreasing