UPDATED 15:55 EDT / JUNE 06 2013

NEWS

Playtox Raises $3Million, Will Develop Browser-based Mobile MMOS

Playtox, a leading developer of multi-platform browser-based multiplayer mobile games, has proved that games can be made successful beyond the Google Play market and Apple App store. This gaming company has tasted success through mobile browsers and has now raised $3 Million in funding as well.

In its latest series of funding, Playtox raised $3 million from Venture Capital firm Runa Capital, which is the sole investor for this cash infusion. According to the game company, it will use the money to expand its lineup of mobile browser-based massively multiplayer online games.

“Runa is investing in fast-growing areas of the tech sector, and we recognized that Playtox has an opportunity to grow and position itself as a global leader in mobile browser-based gaming. Playtox is helping to advance the gaming industry by providing easy browser access to any user or partner without the hassle of lengthy downloads or incompatible devices. We see Playtox really excelling as they expand into new areas, and we are pleased to assist them in this growth and accelerate it,” Runa Capital senior partner Serguei Beloussov said in a statement.

The advantage Playtox has is that it not only targets U.S. players but gamers on a global level as its games are compatible with all feature phones with browsers that support HTML 5.

“People spend more time surfing the web and social networks than they spend in the app store — hence the need for all the app discovery platforms recently popping up – people can’t find what they are looking for or what they would be interested in. The era of downloadable content on the mobile will also come to an end, just as it did on the PC. History will repeat itself,” said Playtox’s Chief Marketing Officer, Bogdan Grishin.


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