21 November 2019:
N3twork has raised $40 million in Series C round of funding. Griffin Gaming Partners, Galaxy Digital Capital, KPCB Holdings, Korea Investment Partners, TABLE, Blue Planet Software and Ocean Road participated in the funding round.
As part of the funding, Peter Levin (former Lionsgate Interactive president and Griffin partner) will join the Board of Directors at N3twork.
The company will use the fresh capital to accelerate investment across all areas of the business.
Neil Young, CEO, N3TWORK, said, “It’s an exciting time to be in our space; we see a massive opportunity to unlock. Mobile entertainment is now at the center of our daily lifestyle and everyone plays games. We are incredibly focused on creating a company that can fully realize the opportunity through combining the best games, the best developer platform and community network to entertain every type of player.”
Peter Levin, Managing Director, Griffin Gaming Partners, said, “N3TWORK has a clear vision to build the next great games company, leveraging the power of a modern media company model. N3TWORK has all the ingredients of a company of destiny: a great team, a great structure to build a growing and virtuous cycle around games & communities, and an advanced platform that underpins its ability to serve live games and their audiences.”
(Image – N3twork)