Chinese Social Game Developer Rekoo Gets $1.5 Million in Funding

热酷网 - 首页Beijing-based Rekoo has been churning out social gaming hits not just on Facebook but on social networks in Asia — and now it has landed $1.5 million in funding from China and Israel-based venture fund Infinity Venture Partners, according to reports.

Readers of Inside Social Games will know Rekoo for its Facebook app, Animal Paradise and Sunshine Ranch, that together total 6.75 million monthly active users and 2.33 million daily active users, according to AppData. Both games are simulations, with the former letting you raise virtual animals (or even steal them from your friends) while the latter is a virtual farming game. They’ve grown to prominence over the last half a year or so, as we’ve been tracking.

SunshineFarmChina

In fact, after Japanese social network Mixi opened its site to third-party developers this past August, Rekoo moved in quick and made a version of the game for the site. That game now has 3.8 million users, or around 20 percent of the site’s total (incidentally, the same portion that Zynga’s farming game, FarmVille, has on Facebook). The company has previously — and successfully — launched these titles on Chinese social networks including 51.com, Xiaonei and others.

We previously heard unconfirmed reports that Rekoo was being circled by venture capital firms from the United States; it seems a more local firm won out. This is, intriguingly, also not a huge amount of funding compared to the tens of millions that some social gaming companies have raised — we assume the company is doing well selling virtual goods.

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Leave a Reply

6 Responses to “Chinese Social Game Developer Rekoo Gets $1.5 Million in Funding”

  1. Rekoo dopo Facebook sbarca sui social network asiatici con 1.5 milioni di dollari | ciaoblog says:

    [...] lettori di InsideSocialGames conoscono Rekoo per le sue applicazioni di Facebook Animal Paradise e Sunshine Ranch, che insieme [...]

  2. With Hit Social Game Happy Farm, Chinese Developer 5 Minutes Raises $3.5 Million from DFJ says:

    [...] This marks the second recent funding of a China-based social game developer. The other was Rekoo, which earlier this week reportedly raised $1.5 million from Infinity Venture Partners. [...]

  3. This Week’s Headlines on Inside Social Games says:

    [...] Chinese Social Game Developer Rekoo Gets $1.5 Million in Funding [...]

  4. China: Virtual Goods Are Big, Social Games Are Still Growing says:

    [...] With so much promise in the social gaming segment, will there be many new entrants? Probably not, but there will likely be more consolidation as successful developers grow in funding and size. December 2009 saw Happy Farm developer Five Minutes raise $3.5 million from Draper Fisher Jurvetson and Sunshine Ranch developer Rekoo raise $1.5 million from Infinity Venture Partners. [...]

  5. Gaming Hub | Home says:

    [...] whose headquarters are in Bejing with offices in Tokyo, secured a $1.5 million in venture funding with Infinity Venture partners in December 2009. It is founded by Liu Yong, a pioneer entrepreneur [...]

  6. Inside Social Games · Rekoo becomes largest social game company in China after acquiring HappySNS says:

    [...] monthly active users in China, Japan and the US spread across social networks like Tencent, Renren, Kaixin001, Xiaonei, Mobage, Mixi and Facebook. According to the latest media reports, HappySNS had 30 million MAU when [...]

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