PlaySpace secures $1.9M in funding
Social games developer PlaySpace today announced via a press release that it secured $1.9 million in funding in an investment round led by PeopleFund with participation of the Spanish venture fund Faraday Ventures. The new funding will help PlaySpace further expand into Spanish- and Portuguese-speaking markets.
Since it was founded in 2011, PlaySpace has successfully launched a variety of Spanish language freemium games on Facebook and the Spanish, private social networking site Tuenti. There are currently 3 million users in PlaySpace’s community across the two social networking platforms, and the developer plans on expanding to iOS and Android soon.
The press release also states that funds will be used to improve PlaySpace’s current products and develop new games. Additionally, PlaySpace plans on launching its portfolio of titles in the United States and Latin America where the company’s goal is to become the leader in social gaming for the Spanish- and Portuguese-speaking markets.