PlaySpace Secures $1.9 Million to develop Social Games for the Spanish and Portuguese World
As we recently reported the Latin Social Games and Virtual Goods space is hot. Latin America social gaming giant Vostu just raised a new round of financing involving Tiger Global, Intel Capital and General Catalyst, The Next Web reports.
PlaySpace S.L. , a developer and operator of social and multi-player evergreen games, just announced the closing of $1.9 million investment round led by PeopleFund with the participation of the Spanish venture fund Faraday Ventures.
PlaySpace is looking to launch its portfolio of games in the USA and in Latin America where the company aims to become the leader in social gaming for the Spanish and Portuguese speaking market.
Founded in 2011 by Alfonso Villar and incubated by Enrique Dubois of Mola.com, PlaySpace has successfully launched traditional Spanish evergreen games such as Parchis, Dominos, Luno, La Oca and Chinchon. Available in Facebook and Tuenti all games are offered as a freemium service and users have the ability to purchase virtual currency and goods.
"Our company was founded seven months ago and this important investment round validates our rapid growth, our business model and most importantly the quality of the products we offer to our users," said Alfonso Villar, CEO and co-founder of PlaySpace. "It's an honor for us to be able to work with the experienced teams of PeopleFund and Faraday Ventures, their vote of confidence will help accelerate the development of our product and the value we create for our users."
"PlaySpace is well positioned to become the fastest growing leader in social and mobile games targeting Spanish and Portuguese speaking users worldwide," said Matias de Tezanos, founder of PeopleFund. "We are very confident in the team's ability to execute and the growth, strategy and quality of the product being developed by PlaySpace validate this."
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