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Lockwood Publishing Has Raised $25m In Series A Funding Round

EARLY VENTURE | ANNOUNCEMENT DATE: 04 NOV 2020
WRITTEN BY | 05 Nov 2020
Lockwood Publishing Has Raised $25m In Series A Funding Round
EARLY VENTURE

💵 Funding

  • 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

  • Lockwood Publishing will use the proceeds to further support and improve their main title Avakin Life

💵 Previous Rounds

  • In August 2019, Lockwood Publishing raised an undisclosed sum from Novator Partners, CCP CEO Hilmar Pétursson and David Helgason

🎲  Product

  • 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

  • There are several apps in Avakin franchise available on IOS and Android platforms, which have been downloaded more than 90m downloads up to date

  • 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

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LATER VENTURE
Lockwood Publishing
  • Established in 2009

  • Headquarters — Nottingham, United Kingdom

  • Team of 200+ employees

  • Founded by — Halli Bjornsson and Joel Kemp

  • 3D virtual life simulation game developer