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Boomlagoon
investment
seed funding
Angry Birds
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Press Release

Ex-Angry Birds Team Secures Funding And Announces New Game Studio, Boomlagoon

FIRST TITLE LAUNCHING SOON

November 2012 - Helsinki, Finland –  Boomlagoon, the Finnish game developer, marks today its official launch, in conjunction with backing from Finnish investor Jari Ovaskainen and seasoned games investor London Venture Partners (“LVP”).

Boomlagoon was co-founded in April 2012 by Angry Birds developer trio Antti Stén, Tuomas Erikoinen and Ilkka Halila.

Stén brings extensive experience growing game startups with his long career at Digital Chocolate and Rovio, including most recently building Rovio’s cloud architecture from scratch. Erikoinen is the man behind the Angry Birds visuals and was one of the original developers of the now massive franchise. Ilkka Halila was the lead programmer at Rovio, following a long career in the indie and open source community, until joining Boomlagoon.

With over 20 years of game development and startup experience together, Boomlagoon’s first title is expected to launch soon.

Investor Jari Ovaskainen and LVP’s David Gardner join the Boomlagoon board. Ovaskainen previously founded Iobox and sold it Telefonica for €215m. David Gardner, General Partner at LVP, is the former CEO of Atari, and EVP & COO of Electronic Arts worldwide. Both LVP and Jari are also Investors in the Finnish videogames phenomenon, Supercell.

Commenting on the funding, Jari Ovaskainen said: “Boomlagoon has the skills, knowledge and industry experience required to develop world class games. They are on track for building a massive business franchise with a compelling pipeline of upcoming titles.”

LVP’s David Gardner added: “The Boomlagoon guys have a sense of style and an effortless understanding of what is fun in a game. When I first met with the team in Finland I knew they were onto something great, and immediately wanted to help them realise their creative dreams.”

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Contact:
Antti Stén, antti@boomlagoon.com

Editorial Notes
In 2016, the size of global mobile games market will be around USD 31.9bn according to the report  "Mobile Monetization: Does the shift in traffic pay?" by Goldman Sachs June 4, 2012.

About Boomlagoon
Headquartered in Helsinki, Finland, Boomlagoon is a mobile game developer focused on making convivial and intriguing games for the global mobile sector. For more information on Boomlagoon visit www.boomlagoon.com

About London Venture Partners
London Venture Partners is a fund focused on investments in Europe in pre-seed and seed stage companies in the Online, Mobile, Social, and Cloud game sector including Technology and Services B2B companies powering consumer facing game companies. Investments to date include Supercell, Grey Area Labs, PlayJam and Applifier. To learn more about LVP visit www.londonvp.com

About Jari Ovaskainen
Jari Ovaskainen is a private investor focusing on Software, Internet and Gaming sectors.  Jari’s investment portfolio includes Supercell.net and Miivies.com.  Jari lives in Geneva, Switzerland.