Pocket Gems Garners $60,000,000 New Financing

  • Feed Type
  • Date
    5/14/2015
  • Company Name
    Pocket Gems
  • Mailing Address
    220 Montgomery Street San Francisco, CA 94104 USA
  • Company Description
    Pocket Gems, a pioneer of the movement of social games to mobile, developed a series of phenomenally successful free-to-play mobile games that have been downloaded more than 15 million times.
  • Website
    http://www.pocketgems.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $60,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Pocket Gems will benefit from Tencent’s deep expertise in building and commercializing games and interactive entertainment. The partnership will present Pocket Gems with opportunities to expand into global markets including China, which grew in excess of 100 percent in 2014. Tencent can also benefit from Pocket Gems’ proven capability in developing highly engaging mobile games and strong understanding of Western mobile game players.
  • M&A Terms
  • Venture Investor