Chinese mobile game development, publishing and middleware company Chukong Technologies has secured US$50 million in new investment.
“With the proliferation of smartphones across China and countries worldwide, we see a significant opportunity not only to publish polished games and entertainment content but also to provide tools for developers to access emerging mobile platforms and overcome challenges caused by device fragmentation,” said Chukong CEO Haozhi Chen. “There is a bigger play here than offering discrete mobile game experiences, and that’s what we’re going after.”
The Series D investment round was led by private equity fund New Horizon Capital, and included current investors GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light.
“We welcome the continued support from our existing investors, as well as from New Horizon Capital. Their investment is a strong endorsement of our past achievements and great confidence in our future growth potentials,” said Chen. “We look forward to building a more exciting chapter of Chukong Technologies with our strategic investors.”
The funds are earmarked for mobile game development, publishing and game engine development, as well as for development and marketing of a new mobile entertainment platform, according to the company.
Chukong Technologies produces mobile games under the Coco label, as well as localises and publishes mobile titles from Gameloft, Nexon, Disney, Gamevil, and Konami as Cocoa China. Under the new CoCo Studio brand, the company also develops and supports Cocos2D-x, a cross-platform open source game engine for iOS and Android OS, as well as Windows, Mac and HTML5 platforms.
