Chinese Social Game Developer Rekoo Gets $1.5 Million in Funding
December 14th, 2009
| By Eric Eldon | 4 Comments » |
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.

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.

Twitter
Facebook












Strategic Facebook Platform Ecosystem Overview and Guide For Agencies & Brands
French / Français
Spanish / Español
Italian / Italiano
Track Facebook's International Growth in 95 Global Markets with our Monthly Reports and Analysis


December 15th, 2009 at 9:06 am
[...] lettori di InsideSocialGames conoscono Rekoo per le sue applicazioni di Facebook Animal Paradise e Sunshine Ranch, che insieme [...]
December 19th, 2009 at 8:54 am
[...] 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. [...]
December 20th, 2009 at 10:12 pm
[...] Chinese Social Game Developer Rekoo Gets $1.5 Million in Funding [...]
January 20th, 2010 at 3:51 pm
[...] 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. [...]