Popular Video game developer and publisher Nifty Games Inc. have raised $26M in a Series B round of equity funding led by Vulcan Capital. Moreover, the company has secured an additional amount of $12M as a part of its connected debt financing. This means that Nifty Games has raised a total of $38M in this new capital to redefine mobile sports games. Attracting investors worldwide, Nifty Games has amassed over $50M since the company was established in 2018 by gaming industry veterans Jon Middleton and Pete Wanat.
Nifty’s Series B round is led by current backers Vulcan Capital and supported by ongoing investors March Gaming, Defy Partners, and Courtside Ventures. Furthermore, these include a strategic group of new investors, including Korea-based funds Woori Capital, K-NET, and Yes24. Other new investors include Steve Pagliuca, managing owner of the Boston Celtics, Speedwagon Capital, Brighton Jones, and Gaingels, a global network of LGBT/Ally investors. With this additional funding, Nifty Games now stands as one of the industry’s most well-funded mobile gaming startups.
Nifty Games focuses at redefining NFL/NBA mobile games set to release globally
Nifty Games aims at delivering quick-session competitive mobile games for the players. They have already got licenses from the National Football League (NFL), National Football League Players Association (NFLPA), National Basketball Association (NBA), and National Basketball Player Association (NBPA). They are all set to build out a number of titles with the world’s largest sports licenses that will feature exquisite gameplay customized for mobile devices.
“We’re proud of the team we’ve assembled, our incredible partnerships with the NFL, NFLPA, NBA, and the NBPA, as well as our family of financial backers committed to seeing Nifty Games win big. We’re excited to grow Nifty Games as NFL Clash and NBA Clash lead the way!”, he added further.
The company’s premier game NFL Clash is already available in select markets worldwide and will launch in the United States this year. The latest round of funding will be used to further grow the Company’s sports games line-up as well as investing in top-tier development staff to deliver state-of-the-art gameplay for global sports fans.
Moreover, speaking on this funding, YB Choi, Partner at Vulcan Capital said, “We see an incredible commercial opportunity in bringing premium sports games to casual mobile game fans, in which they get to build a roster with favorite pro players and call the shots as their team competes all season long,”
Finally, one of the prime investors, Stephen Pagliuca who is also the Co-owner of the Boston Celtics and Co-Chair of Bain Capital, while reflecting on his thoughts about this funding, said, “Nifty Games sits at the exciting intersection of sports fandoms, mobile gaming, and IP-driven business models. I’ve been impressed with the team’s vision and execution to date, and believe their approach will redefine the mobile sports game sector. And as a fan myself, can’t wait to play their games and see them top the charts!”
Are you excited about the fact that Nifty Games has now raised $38M in this new capital? Do let us know your opinions in the comments below!