LONDON– (BUSINESS WIRE) –Pixion Games (“the Company”), a London-based study focused on competitive construction export games for mobile devices, today announced the closing of $ 2 million in seed funding led by Eldridge Industries (“Eldridge” ), to private investment firm. Jabre Capital Family Office and three angel investors also participated in the round. The funds will be used to develop the Company's games and scale the team, which is already composed of experienced industry professionals from King Digital ("King"), Konami, Curve, and Hutch Games.
This latest round comes after Pixion Games received pre-seed and follow-up funding from former King executives, Nir Efrat, and Alan Fung. Pixion Games' mission to bring the thrill of Player Versus Player ("PVP") to the next generation of mobile gamers, competitive building multiplayer games that can be enjoyed in short sessions leading to the expansion of "lunchtime exports."
"Mobile gamers are maturing across the spectrum and we are seeing re-segmentation of casual players looking for more core experience on mobile He said Kam Punia, Founder and CEO of Pixion Games. "We are delighted to have Eldridge and our other investors onboard. Collectively they share in our vision of bringing esports to everyone. "
Since its formation in 2015, Eldridge has invested in several export businesses including CloudXNX, Elo Entertainment, Super League Gaming and Epic Games.
""With the rise in demand for mobile gaming, Pixion Games is well-positioned to become the premier PVP gaming provider," said Todd Boehly, Chairman and CEO of Eldridge. "We are excited to support our team's goal of creating an export experience for the casual player on the go. "
About Pixion Games
Founded in 2017, Pixion Games is a mobile games studio building competitive games for everyone. Pixion Games develops real-time multiplayer mobile games that are accessible and inclusive. Its titles provide bite-sized action within minutes, providing a true “lunchtime esports” experience by capturing the thrill of Player (s) Versus Player (s) action into short sessions on mobile. Founded by Kam Punia, Pixion Games is backed by Eldridge Industries, Jabre Capital Family Office, ex-King directors, among other investors. To learn more about Pixion Games please visit www.pixiongames.com.
About Eldridge Industries
Eldridge Industries ("Eldridge") invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge please visit www.eldridge.com.
About Jabre Capital Family Office
Jabre Capital Family Office is a division of global asset management company Jabre Capital Partners. It manages proprietary capital by focusing on long-term investments.