GameAnalytics Raises €1.9 Million From Sunstone, CrunchFund
“I believe the single most valuable asset for any game developer in today’s market is knowledge,” explains GameAnalytics’ Founder and CEO Morten E Wulff. “During the last year I’ve met representatives of more than 100 game studios from all over the world and every single one is struggling with both increasing user acquisition costs and low retention rates. When they do strike gold, they don’t always know why. GameAnalytics is here to change that.”
And to have the means to change that, Copenhagen-based Game Analytics has raised $2.5 million (€1.9 million) from Sunstone Capital, CrunchFund, and a list of angels, including Jimmy Maymann (CEO, Huffington Post), Tommy Ahlers (former CEO, Podio, now part of Citrix), René Rechmann (CEO, Goviral) and Anil Hansjee (exGoogle M&A). Out of those angels, the name that's really interesting is Ahlers - which suggests that the Podio acquisition money is starting to circle back to Danish startup community.
Flowdock Receives Seed Funding From Crunchfund, Others
Last night we got the chance to talk with CEO Otto Hilska about Flowdock's $650,000 seed funding round. The team of 8, currently working out of Helsinki, develops a web and desktop application that allows teams to easily track issues and collaborate in real time.
Flowdock first began talks with investors at the beginning of September, and Hilska describes the funding round as more of a happy surprise than a standard Angellist deal. Hilska was working out of Silicon Valley doing customer demonstrations, when another startup spotted their product and mentioned it to one of their investors. Flowdock wasn't seriously looking for funding at the time, but was happy to accept a deal put together by Gil Penchina, CrunchFund, Marten Mickos, and IDG Ventures.
