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Accel Partners leads €6m round for mobile gaming company flaregames

2 Feb 2012

Mobile gaming company flaregames has sealed €6m in financing led by global venture capital firm Accel Partners.

The funding will be used to scale the company, to attract additional talent, and to market the company’s upcoming line-up of games for mobile devices, it said.

“Our first focus is on getting fun, high-quality games to market, and reaching the mass-market as well as mid-core gamers with our line-up this year,” said Klaas Kersting, CEO of flaregames. “Our investors see the opportunity for mobile game companies to grow fast.”

“The mobile games business will likely be larger than the social games business,” added Harry Nelis, partner at Accel Partners. “We’re backing flaregames because we believe in the team, technology, business model and most of all know that Klaas will drive the company to its full potential as it strives to become a major mobile games company.”

Founded in 1983, Accel Partners invests globally with offices in Palo Alto, California, New York City, London and Bangalore, as well as in China via its partnership with IDG-Accel.

Investments include AdMob, Alfresco, Angry Birds (Rovio), Atlassian, ComScore, Dropbox, Etsy, Groupon, Kayak, Playfish, QlikTech, Spotify, Wonga.

Together with investment firm Digital Sky Technologies, Accel owns a combined 16.8 per cent, and looks set for a sizeable windfall from the anticipated IPO.

Accel recently participated in the $11m Series B round for Stylistpick.com, a subscription-based ‘fast fashion’ brand.

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