Kobojo Completes the First Round of Its $7.5 Million (€5.3 Million) Fund-Raising Programme with Endeavour Vision and IDinvest Partners

PARIS--(BUSINESS WIRE)--Kobojo, the premier software editor in France and one of the leaders in Europe in the social gaming universe on Facebook and mobiles, has just announced the completion of the first round of its fund-raising campaign, which raised a total of $7.5 million (€5.3 million) from Endeavour Vision, as lead investor, and IDinvest Partners. For the last 3 years, Kobojo has been editing and publishing a wide variety of innovative games and apps such as Goobox and PyramidVille. The company intends to put these funds to good use to step up its development in France and internationally. Kobojo was advised by Clipperton Finance for this transaction.

“Our ambition at Kobojo is to become the leading gaming software editor in Europe”

"Raising the funds is in line with Kobojo’s strategic goals to become international and create new user experiences. We want to localise versions of our games in markets with increasing demand for social gaming, in particular Spain and in Italy. These funds will also help us focus on R&D to enable us to provide these games on various platforms such as Smartphones and touch tablets, as well as Facebook in the very near future”, says Vincent Vergonjeanne, VP for Products and Strategy at Kobojo. "Our ambition at Kobojo is to become the leading gaming software editor in Europe”, he adds.

Dominique Pitteloud, Senior Investment Director at Endeavour Vision, comments: “Kobojo is one of the best social gaming start-ups active in Europe. Kobojo has demonstrated a unique ability to develop and publish games with deep game-play mechanics and social interaction. We are thrilled of the opportunity to support the development of the company and are convinced in Kobojo’s ability to become the leading social game company in Europe.”

Guillaume Lautour, Partner at Idinvest Partners, comments: “We have funded several studios and vertical players in the gaming industry, both on Facebook and the Web. Therefore Kobojo naturally came as an exciting opportunity: the founders and the company gather enough ambition and expertise to address the potential of Facebook apps with scale. We intend to bring them our support on the long term.”

About Kobojo

For more information go to http://wwwen.kobojo.com/

About Endeavour Vision

For more information, see www.endeavourvision.com

About Idinvest Partners (the new name of AGF Private Equity)

For more information, see: http://www.idinvest-partners.com/en/

About Clipperton Finance

For more information, visit www.clipperton.net