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Funzio
Funzio has been acquired by a public company.
PrivCo has ceased its coverage of Funzio and below is the archived report.
Business Summary
Funzio is a privately-held, venture capital backed online gaming company. The company's flagship iOS games “Crime City,” “Modern War” and “Kingdom Age” have all secured a spot on the App Store’s 25 top-grossing apps. In May 2012, Funzio was acquired by Japanese gaming giant GREE, Inc. in a $210 million all-cash deal aimed at boosting the acquirer's ability to build games for Western audiences. Founded in 2009, Funzio headquarters are located in San Francisco, California.
Overview & Corporate Organization
Basic Information
| Company Tags: | VC Backed |
| Year Founded: | 2009 |
| Fiscal Year End: | 12/31 |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | San Francisco |
| State/Province: | California |
| Country: | United States |
| Website: | www.funzio.com |
Corporate Organization
| Parent Companies: | |
| Founders: | Andy Keidel Anil Dharni Ken Chiu Ram Gudavalli |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Internet > Internet Services > Online Games |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Competitors
| Rovio Entertainment Ltd. |
| Storm8 |
| Zynga, Inc. |
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Financial Notes: | |
| * | Funzio fiscal year end: 12/31 |
| 1 | As... read more. |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Funzio financials to Excel and create your own graphs.)
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Funzio Total Employees: |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | May. 2012 | Completed | View1 | View | Acquisition | View |
| 1 | Ken Chiu and Anil Dharni,...Read More → |
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VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| May. 2011 | View | A | Venture Capital | |
| May. 2011 | View | A | Angel / Individual | |
| Details | Total Round A View | |||
| Total of Funding Shown Above View | ||||
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Detailed Business Description: Funzio
Funzio is a privately-held company that specializes in developing mobile and social gaming apps. The company's titles are typically “mid-core” games that are hardcore in terms of subject matter but can appeal to a wider audience that play only for a shorter period of time. The company’s three hit games are Crime City, Modern War, and Kingdom Age. Kingdom Age got more than 1 million users in its first five days on the App Store. The company was founded in 2009 and has its headquarters in San Francisco, California. In May 2012, it was acquired by the Japanese social gaming giant GREE, Inc.
Business Model
Funzio operates within the market of mobile gaming apps where short fad-based popularity cycles are common and it’s rare for a company to have sustained success. However, Funzio has managed this feat with its games “Crime City,” “Modern War”, and “Kingdom Age” all securing a spot in the App Store’s 25 top-grossing apps.… Continue Reading →
Exhibits
Supplemental Resources
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