Lockwood Publishing raises $ 25 million in Series A funding round

03/12/2020
Diego Gutiérrez
Lockwood Publishing raises $ 25 million in Series A funding round

Lockwood Publishing is the company that developed and created Avakin Life. Avakin Life is a video game that has over 200 million registered users on iOS and Android and over a million who return at least once a day. Lockwood Publishing was founded by Joel Kemp and Halli Bjornsson in 2009, who started out as PlayStation developers and have evolved into one of the UK's leading mobile game developers.

During their time at PlayStation Home, they were voted Best Community Developer six years in a row. Since then, they have grown organically as well as increasing profits rapidly month on month. The company's goal is to become the largest mobile and social gaming company in the world.  

Lockwood Publishing raises $ 25 million in Series A funding round

The company has raised $ 25 million in Series A financing. The financing round has been realised with the aim that gamers around the world increasingly enjoy gaming for both entertainment and socially interactive experience. In addition to growing its audience thanks to the diversity of games and player engagement through a great experience.  

Chinese tech giant Tencent has led the investment, with further participation from Novator Partners, David Helgason and Hilmar Pétursson, all of whom are existing investors.  

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