Tech Company Financing Transactions
Pocket Gems Funding Round
Pocket Gems secured a $60 million funding round on 5/14/2015. Backers included Tencent Holdings.
Transaction Overview
Company Name
Announced On
5/14/2015
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Undisclosed
Investors
Tencent Holdings (Steven Ma)
Proceeds Purpose
Pocket Gems will benefit from Tencent's deep expertise in building and commercializing games and interactive entertainment. The partnership will present Pocket Gems with opportunities to expand into global markets including China, which grew in excess of 100 percent in 2014. Tencent can also benefit from Pocket Gems' proven capability in developing highly engaging mobile games and strong understanding of Western mobile game players.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
220 Montgomery St. 750
San Francisco, CA 94104
USA
San Francisco, CA 94104
USA
Phone
Undisclosed
Website
Email Address
Overview
Pocket Gems, a pioneer of the movement of social games to mobile, developed a series of phenomenally successful free-to-play mobile games that have been downloaded more than 15 million times.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Daniel Terry
Chief Technical Officer
Harlan Crystal
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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