Gamefam Closes $25M Series A Funding, Grows into a $75 Million Company
Entrepreneurship is not easy, and entrepreneurs face many challenges while they are trying to build their companies. This article is about the challenges that Gamefam faced as a startup. As the company grew into a $75M company, these challenges were overcome and the company was able to sustain itself for several years.
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Gamefam's humble beginnings
Gamefam was started by a group of four friends in the year 2012. Their original endeavors were with YouTube videos and it wasn't until they released their first mobile app three years later that they became an established company. They first launched their games on the iOS App Store, but have since expanded to include apps for Android and Amazon as well.
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Gamefam closes $25M Series A funding
Gamefam has closed a $25 million Series A funding. With the money, the company plans to continue to grow into a $75 million company. It will also focus on developing new games and expanding its content publishing business. Gamefam was founded in 2007 and has grown tremendously since then.
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What is Gamefam?
Gamefam is a company that has been founded in order to allow people to play games with their friends. It provides an option for people to do this on any device and for free. Gamefam received $25 million in funding from investors in March of 2018. They have continued to grow since then, with over 100,000 users playing games on the platform.
Where did all the money come from?
Gamefam raised $25 million in series A funding. The company grew rapidly after the announcement of its co-founders winning on a highly-rated reality television show called Shark Tank. Gamefam has seen an increase in traction with its mobile app, which is also available for download on Amazon.com.
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Is this a new start or a sign of things to come?
Gamefam is a game development company that recently closed a $25 million series A funding. According to their website, Gamefam is one of the fastest growing game development studios in the world with 180 employees and more than 1,000 games in production. This funding will allow them to expand their already impressive services and plans for the future.
Conclusion
As SnapChat has experienced the same overnight success, Gamefam is experiencing the same. They have had a recent $25 million Series A funding that should help them to create even more opportunities in their growing company.
