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This article was published on May 31, 2013


    Spanish social gaming startup Akamon closes $3.6 million round

    Spanish social gaming startup Akamon closes $3.6 million round Image by: Lucinda Black
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Looks like Barcelona is becoming something of a hotbed for social gaming companies, with the likes of King and Digital Chocolate setting up studios in the city, and local players like Social Point making a killing the space.

    Enter Akamon, another multi-platform social gaming startup that was born in Barcelona, which is today announcing its first round of investment.

    The company has raised 2.8 million euros (a little over $3.6 million), most of which – 2,250,000 euros to be precise – came from Axon Partners Group and Bonsai Venture Capital.

    The rest of the fresh capital – 550,000 euros to be precise – was injected by Exelweiss, Grupo ITnet and Vicenç Martí, CEO of Akamon.

    Akamon offers online social and casino games via its own websites and those of its partners, Facebook and mobile devices.

    It says it will use the money raised primarily to ramp up marketing efforts across southern Europe and Latin America, the recruitment of new team members and expansion into new markets.

    Akamon currently has a total of 70 employees and plans to hire another 20 before the end of this year. The company says it closed last year with revenues of $8.5 million – and a positive EBITDA – and expects to end 2013 with almost double that ($16 million).

    Carlos Blanco, a serial entrepreneur and angel investor who is also the founding chairman and still majority shareholder of Akamon, blogged about the investment here (in Spanish, we should note).

    Image credit: Thinkstock