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July 07, 2006
Mobitween Taps Angels, Has New Biz Model For Flash Games
Mobitween, a developer of Flash games for mobile devices has raised a first round of financing from private investors, "all mobile entertainment industry veterans", according to CEO and founder Philippe Chassany. He told us that he will use the proceeds, under €1M, to accelerate its international development mainly within Europe and North America. If all goes well, a round of venture capital will be raised to enter the US market within the year.
Founded in 2004, Mobitween has developed a platform that has enabled it to churn out over 100 simple Flash (from Adobe) games.
Chassany is early to market with his Flash games as they run only on the higher end (more powerful) smartphones, but several sales agreements with mobile operators suggests there is at least some early market demand.
One thing Chassany mentioned is his plan to try out an innovative business model for games sales. Typically, games developers get squeezed pretty tightly in the agreements with mobile network operators.
He is naturally not telling us what the biz model is, but if he has one that works then it could enable a winner here.
Read- Mobitween Funding (press release)
Posted on July 7, 2006 12:13 PM | Posted to News And Updates | Venture Capital | Wireless | Permalink
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