Gaming Defies Down Turn With Venture Capital
Jussi Laakkonen, CEO of Everyplay, has done extensive research in terms of investments to the gaming industry in the recent years. We also covered Jussi's previous findings in ArcticStartup close to two months ago when he reported that approximately 2 to 4 million USD are invested into the casual gaming market each week.
Jussi has compiled a nice 2 blog post analysis into the market with discoveries such as investments peaking in July 2008 to the amount of 71M USD in total to the industry. He has also added the MMORPG market to the analysis. It's clear that the two largest segments in the gaming industry, receiving funding are the MMORPG and the casual gaming segments.
Some of the largest investments made were 9You's 100M USD, 83M USD into Big Fish Games, 29M USD into Zynga Games and Gaia's 11M USD financing rounds.
So with regards to my previous post on Betware from Iceland, I asked whether we should cover the gaming industry more, a clear answer from you was - yes, please. We'll get more insight into this industry in the future as the market is one of the most attractive ones in many ways, not only investments, at this moment.
However, have a read at the full analysis into the investments by Jussi Laakkonen of Everyplay - Part 1 and Part 2.
Photo by A*A*R*O*N (CC:by-nc-sa)
Betware, Another Gaming Solution From Iceland
Betware is also another of Library House's nominees for the 100 hottest companies to change the media technology industry. Like the name suggests, Betware is into providing online gambling and gaming platforms through turnkey solutions. The company itself is relatively old as it has started operations already back in 1996.
Betware has had enough time to build a very respectable and admirable business proposition for its clients through it products and solutions. The platform truly offers all the necessary modules and tools required to start a gaming site and get it going - hence a true turnkey solution.
In terms of games, they have developed over 100 games categorized into number games, sports betting games, racing games, instant games, casino games, multiplayer games as well as live betting. Betware also claims that these games are all playable through the mobile phone, internet as well as in some cases in the future, the digital television.
There's definitely a large ecosystem of different kind of gaming in the Nordic and Baltic region, be it mobile games, casual games or money games like in the case of Betware. What are your thoughts, should we cover these topics more in the future as well?
Library House Lists 100 Hottest Mediatech Companies
Library House, a research house on startups and other fast growing ventures, has listed 100 of the hottest mediatech companies in Europe. The 100 companies were selected by analysing companies using Library House proprietary data and an expert advisory panel. Library House also states that these 100 companies are the ones that will most likely change the mediatech world (mediatech meaning media and technology).
To our joy, we can find 3 Nordic companies in the top 10 list; Blyk (Finland), Sulake (Finland) and Stardoll (Sweden). Other companies in the top 10 were Flirtomatic (UK), MOO (UK), Where Are You Now? (UK), Dailymotion (France), King.com (UK), Playfish (UK) and Plastic Logic (UK). It's interesting to see that there is a healthy spread of gaming and entertainment companies in the top 10 as well as to note the absence of any media companies per se.
Other Nordic companies in the list were CCP (Iceland), Spotify (Sweden, Luxembourg), Betware (Iceland) and Xtract (Finland). The fact that most of the companies are from the UK or Central European countries pretty much states the overlooking of the Baltic market in total (I believe they are part of Europe, at least the last time I looked). Then again, this is exactly one of the reasons why I set about with ArcticStartup a little over a year ago - to give more insight to the Baltic and Nordic startup industries. Seems like we still have plenty of work to do.
