Helsinki's Armada Interactive secures $3m seed funding
"“This initial investment allows us to produce and launch a truly astonishing first title"
Helsinki-based Armada Interactive, founded by former Crytek, Seriously and BioWare employees, has just secured $3 million in a seed financing round led by Initial Capital.
"Our founding team and investor group are comprised of the industry's leading professionals, who we are fortunate to have as part of the Armada family," said Samuli Syvähuoko, co-founder and CEO of Armada Interactive.
"This initial investment allows us to produce and launch a truly astonishing first title. Armada's first game will be built around AAA visual fidelity, deep gameplay and competitive features. We are creating a game that will appeal to both core and mid-core players."
Investors in the new mobile studio included Index Ventures, PROfounders Capital, Backed, Reaktor Ventures, Sisu Game Ventures, Chris Lee, Reynir Hardarson and Ben Feder.
"The games being developed by Armada incorporate innovative and revolutionary UX and gameplay that bring the player experience to dimensions not previously seen in mobile gaming," added Ken Lamb, co-founder and partner at Initial Capital.